Summary:

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To make an IRA Qualified Charitable Distribution (QCD), you must be 70½ or older, contact your IRA custodian to have funds transferred directly to a qualified charity (not to you first), up to $108,000 annually (for 2025), by December 31st, and report it on your tax return using Form 1099-R to exclude it from income. The key is the direct transfer, which satisfies RMDs and reduces taxable income without itemizing deductions. 

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Eligibility & Rules:

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• Age: Must be 70½ or older.

• Amount: Up to $108,000 per person in 2025.

• Deadline: 12/31/2025

• Account Type: Traditional IRAs, SEP IRAs, and SIMPLE IRAs (inactive) are eligible; 401(k)s/403(b)s are not (unless rolled into an IRA).

• Must be a direct transfer from your IRA

 

How to Make a QCD (Step-by-Step instructions):

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1. Contact Your IRA Custodian/Provider (Fidelity, Vanguard, etc.) or financial advisor.

2. Request a distribution payable directly to the

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Russian-speaking Jewish Community of San Francisco Bay Area (EIN: 85-0485121).

Mailing Address: 5600 Geary Boulevard, San Francisco, CA 94121

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• Your custodian can send an electronic transfer or a check made out to the charity.

• You can also use your IRA's checkbook to write a check directly to the charity.

   3. Notify us: Let us know a QCD is coming, as checks from custodians look different.

       Please, use an e-mail address: donate@rsjc.org

   4. Keep Records: Save the charity's acknowledgment and your IRA statement.

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Important Tax Reporting:

 

• Your IRA custodian/provider will send an IRS Form 1099-R (Box 1 & 4a). On Form 1040, report the full amount in 4a but exclude it from taxable income on Line 4b, noting "QCD"

 

Key Tax Benefit:

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• The distribution isn't included in your taxable income, and it counts towards your Required Minimum Distribution (RMD) without you paying income tax on it.