If you are 70½ or older and have an IRA, you are already qualified!
How a Qualified Charitable Distribution (QCD) Works
You are at least 70½ years old with IRA funds you no longer need
Make a qualified charitable distribution (QCD) from your IRA
Your QCD goes directly to the Greater Baton Rouge Food Bank, supporting the cause you care about
*If you are 73 years old or older, your QCD can count towards your required minimum distribution (RMD)!
Did You Know?
You can also support our mission for years to come. Simply name the Greater Baton Rouge Food Bank as a beneficiary of your IRA account, and the remaining assets (or a portion) of the account will be distributed to help us change lives.
Sample Beneficiary Designation
Legal name: Greater Baton Rouge Food Bank
Address: 10600 S. Choctaw Dr., Baton Rouge, LA 70815
Federal Tax ID number: 72-1065318
Discover the Benefits of a Qualified Charitable Distribution (QCD)
Reduce Your Taxable Income
When you take funds from your IRA, they count as taxable income. But if you transfer them directly to the Greater Baton Rouge Food Bank, you reduce your taxable income while satisfying your RMD.
Fulfill Your Required Minimum Distribution (RMD)
After you turn 73, you must distribute funds from your IRA. If you do not distribute the required minimum, you may be penalized, but a QCD allows a transfer up to $105,000 per individual or $210,000 per couple to satisfy your RMD.
Reduce Your Taxable Income
When you take funds from your IRA, they count as taxable income. But if you transfer them directly to the Greater Baton Rouge Food Bank, you reduce your taxable income while satisfying your RMD.
“When the government offered the tax benefit to give directly from my IRA, I immediately wanted to give to the Greater Baton Rouge Food Bank in this fashion. My Qualified Charitable Distribution to the Food Bank is a win-win. It’s a tax-free gift that fights hunger in our community and counts toward my required minimum distribution.”
—Elaine , QCD Donor from Gonzales, LA
Find Out if a Qualified Charitable Distribution is Right For You
| I was born before . | Yes | No |
|---|---|---|
| I have a qualified IRA. | Yes | No |
| I want to make a difference today. | Yes | No |
You’re qualified to make this type of gift!
It looks like there are still some requirements that need to be met!
Take Your Next Steps
Step 1
Get started by selecting your IRA custodian and filling out your information below.
This information will be used to pre-fill your distribution form.
STEP 2
Once you have downloaded and completed the rest of your form, please mail the form with the letter below to your IRA custodian. We recommend mailing this by December 1 to ensure you receive your tax deduction for this year.
STEP 3
Please let us know about your generous gift!
We’d like to thank you and ensure your gift goes to the program or department you desire.
Need Assistance? I'm here to help!
Brian W. Hightower
Chief Development Officer & General Counsel
Main: (225) 359-9940 ext.509
Cell: (225) 205-2223
brian@brfoodbank.org