IRA Qualified Charitable Distribution (QCD)
Are you 70½ Years Old and Older ? Learn more about this special tax incentive.
If you are 70 ½ or older, you can direct up to $105,000 from your IRA to Pundarika Foundation and use your gift to satisfy all or part of your RMD if you are 73 and older.
How to make a Qualified Charitable Distribution (QCD)?
- Contact your certified accountant or custodian and direct them to make the QCD to Pundarika Foundation.
-
Qualified Charitable Distribution (QCD) instructions:Please have checks made payable to
Pundarika Foundation, acct #637-029583
and mail to:Fidelity InvestmentsP.O. Box 770002Cincinnati, OH 45277-0074
You can also make Pundarika Foundation the charitable beneficiary of your IRA upon your death by listing Pundarika Foundation as your beneficiary designation with your IRA provider.
If you’ve directed your QCD to the Pundarika Foundation or made Pundarika Foundation the charitable beneficiary of your IRA, please let us know so we can thank you! Notifying us will enable us to plan for the use of your gift. Please get in touch with Michael Kunkel at kunkel@pundarika.org if you have questions.
