Donate Via QCD
Thank you for your interest in making a donation to the Bob Woodruff Foundation!
Giving via a qualified charitable distribution has never been easier using our online tool.
If you are 70.5 or older with a traditional IRA, you’re eligible for one of the most tax-savvy ways to support the Bob Woodruff Foundation: donating directly from your IRA. This is also called a qualified charitable distribution, or QCD, or an IRA Rollover:
- QCDs can only be taken out of an IRA. 401ks do not qualify and are subject to regular taxes.
- Gifts are always tax-free, regardless of whether or not the person itemizes on their return. This is one of the only ways to make a donation without dipping into your taxable income.
- You can give up to $100,000 out of your IRA tax-free.
Just like donating via cash or check, giving from your IRA is an immediate and impactful way to support the Bob Woodruff Foundation— but unlike a cash gift, it helps you save on your taxes in the process.