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If you’re age 70½ or older, you may be eligible to make a Qualified Charitable Distribution (QCD) directly from your IRA to a qualifying charity—even if you haven’t yet reached the age for required minimum distributions (RMDs).
A QCD can:
- Count toward your annual RMD
- Be excluded from your taxable income
- Provide a meaningful way to support causes you care about
Important: To qualify, your funds must be transferred directly from your IRA to the charity.
As always, consult your financial advisor to determine if this option is right for you.
If you are interested in supporting SVCC students, please click on the link below or contact Jamie Jones, Executive Director of Institutional Advancement by phone 434-949-1068 or by email jamie.jones@southside.edu.
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