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  • 1.  IRA QCD and RMD for sponsorship with FMV

    Posted 11-21-2023 02:28 PM

    My understanding is that the donor cannot receive any goods/services when contributing from their Individual Retirement Accounts, correct?  Is there any difference on whether or not is it coming from a QCD vs. RMD?  Also, they can't make up any difference (split) for the FMV with a non IRA account, correct?

    Thank you,



    ------------------------------
    Dena Toth
    Medical University of South Carolina Foundation
    tothd@musc.edu
    ------------------------------


  • 2.  RE: IRA QCD and RMD for sponsorship with FMV

    Posted 11-21-2023 02:31 PM
    The prohibition applies only to QCDs, which must be used solely for charitable purposes as they are a tax-free withdrawal. Bifurcation on these is not permitted

    RMDs can be used for anything - charitable or otherwise - as the donor has paid taxes on those funds and can use them however they want.

    John

    John H. Taylor
    Principal
    John H. Taylor Consulting, LLC
    2604 Sevier St.
    Durham, NC   27705
    919.816.5903 (cell/text)

    Serving the Advancement Community Since 1987




    Original Message


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