What is a QCD?
A Qualified Charitable Distribution (QCD) allows individuals aged 70½ or older to donate directly from their IRA to a qualified nonprofit, such as Seneca Healthcare Foundation, without counting the distribution as taxable income.’
Benefits of Giving via QCD
- Tax Advantage: QCDs can satisfy all or part of your Required Minimum Distribution (RMD) without increasing your taxable income.
- No Itemization Needed: You receive the tax benefit even if you don’t itemize deductions.
- Direct Impact: Your gift supports healthcare services and community wellness in the Lake Almanor region.
Eligibility
- Must be age 70½ or older at the time of the distribution.
- Must donate from a traditional IRA (not a 401(k), 403(b), or other retirement plan).
- Maximum annual QCD limit is $100,000 per individual.
How to Make a QCD
- Contact your IRA custodian and request a direct transfer to:Seneca Healthcare Foundation
EIN: 99-2517142
Address: PO Box 930, Chester CA 96020
Phone:1(833)227-3743 ext. 1600 - Notify the Foundation of your intent so we can properly acknowledge your gift.
- Ensure the check is made payable to Seneca Healthcare Foundation, not to you personally.
Important Notes
- QCDs must be completed by December 31 to count for the current tax year.
- Consult your financial advisor or tax professional to confirm eligibility and benefits.
- You cannot receive any goods or services in exchange for a QCD.
Please note that charitable contributions to Seneca Healthcare Foundation, a 501(c)(3) charitable organization, are eligible to receive tax-deductible contributions according to Code 170 of the Internal Revenue Code.
Donors give for several reasons, including to:
- Support the new Lake Almanor Community Hospital
- Leave a legacy through planned giving
- A Qualified Charitable Distribution (QCD)
- Honor a loved one by celebrating a birth or remembering someone who has passed
- Participate in corporate giving
