QCD

A QCD stands for a qualified charitable distribution out of an IRA plan for an owner that is at least 70 1/2. You are allowed to contribute up to $100,000 and it counts towards your required minimum distribution. To the extent of the QCD you have neither taxable income or a deductible charitable donation. To be qualified you have to give the donation to a qualified charitable organization organized in the U.S. A donor advised fund may not qualify for the QCD.