Understanding your Qualified Charitable Donations (QCD)
For many retirees, moving funds directly from an Individual Retirement Account (IRA) to a qualified charity like Valley View can have a number of benefits. Importantly, a gift transferred from a retirement fund directly to a charity can offer significant tax advantages and potentially meet annual distribution requirements (RMD). Individuals can transfer up to $100,000 per year in this manner.
The Foundation asks donors who want to help the hospital to make their QCD gift directly to the Valley View Hospital Association and not the Foundation. To be clear, gifts made directly to the hospital via a QCD will be honored fully at the Foundation for the repayment of pledges, life time giving amounts and public recognition such as our donor wall. The only noticeable difference is that the tax receipt for the donation will come from the Hospital, and not the Foundation.
How it works:
Make a distribution directly from an IRA to the Valley View Hospital Association in a manner described below:
Qualified Charity Name: Valley View Hospital Association
EIN #: 84-0446259
For Benefit of/Attention: Foundation Attn. John Quinn
Address: PO Box 1970, Glenwood Springs, CO 81602
If you have any questions at all, please contact:
John Quinn, Development Officer
Valley View Foundation
As always, the information presented here is not intended as legal or financial advice. Please consult your own professional advisors to discuss your specific situation.