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August is a great month to plan for an IRA gift to charity in 2026. Owners of traditional IRAs who are over 70½ may be considering a charitable gift before the end of this year.
The IRS refers to an IRA charitable rollover gift as a qualified charitable distribution (QCD). If you are age 73 or older, a QCD may fulfill part or all of your required minimum distribution (RMD) for this year.
It may take your IRA custodian some time to process a QCD, and it must be completed by December 31. During 2026, an IRA owner may give up to $111,000 directly from the IRA custodian to a qualified nonprofit. Another QCD option is a one-time gift of up to $55,000 for a charitable gift annuity (CGA), charitable remainder unitrust (CRUT) or charitable remainder annuity trust (CRAT).
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