Only if You’re Over 70-1/2 Years Old

Donate from Your IRA using a QCD

Donate Directly to the Temple and Save on Your Taxes 

You can take a tax benefit for yourself and the Mountain View Buddhist Temple.  Consider a Qualified Charitable Distribution (QCD).

Benefits of an IRA Qualified Charitable Distribution

• QCD reduces your taxable income, even if you are using the standard deduction.  Because the amount transferred from your IRA to the Mountain View Buddhist Temple is not included in your adjusted gross income (AGI) for the year
• QCD is a viable tax strategy that helps further the work and mission of Mountain View Buddhist Temple

How an IRA Charitable Rollover Gift Works

1. Contact your IRA plan administrator to make a gift from your IRA to the Temple.  Your IRA administrator must make the distribution directly to the Temple.
2. Please note that your IRA Qualified Charitable Distributions does not qualify for a charitable deduction.

CONTACT US

If you have any questions about an IRA Qualified Charitable Distribution, please contact us at treasurer@mvbuddhisttemple.org.  We would be happy to assist you and answer any questions you might have.

The above information is not intended as legal or tax advice. Please contact your attorney or tax advisor for further details on making an IRA Qualified Charitable Distribution