---
title: "Ways to Give: Benefits of Transferring Tax-Free Funds"
description: Neumann University supports opportunities for donors to make a meaningful difference through a Qualified Charitable Distribution (QCD).
---

[NU Advancement ](https://learn.neumann.edu/nuadvancement)

# [Ways to Give: Benefits of Transferring Tax-Free Funds](https://learn.neumann.edu/nuadvancement/planned-giving-qualified-charitable-distributions)

 Written by [Neumann University](https://learn.neumann.edu/nuadvancement/author/neumann-university) | Dec 18, 2024 7:42:29 PM

Not only is charitable giving a powerful way to make a positive impact, but it is also a great step towards managing personal finances strategically. Transferring funds tax-free from an Individual Retirement Account (IRA) to a qualified charity—through a Qualified Charitable Distribution (QCD)—offers a unique opportunity to maximize philanthropic efforts and minimize tax liabilities.  

**Requirements** 

- You must be at least 70 ½ years of age
- Have funds in an eligible IRA (Traditional, Rollover, or Inherited)
- Distribution must be made directly from your IRA to an eligible 501(c)(3) charitable organization
- A maximum annual limit of $105,000 per individual 

**Advantages** 

- **Tax Efficiency** 
    - Funds transferred directly from your IRA to a charity are excluded from your taxable income.
- **Satisfying Required Minimum Distributions (RMDs)** 
    - Funds transferred through a QCD count toward fulfilling the RMD requirement *without increasing taxable income*.
- **Simplified Giving** 
    - Eliminating the need for complex accounting, a QCD allows individuals to support their favorite charities directly and efficiently.
- **Flexibility and Impact** 
    - Donors can use QCDs to support a wide range of qualified charities, from local community organizations to global initiatives.

Neumann University supports opportunities for donors to make a meaningful difference through a Qualified Charitable Distribution (QCD). By directing your IRA funds to Neumann University, you support its mission of academic excellence, values-based education, and service to the community. Your contribution can provide scholarships for deserving students, enhance academic programs, and invest in state-of-the-art facilities, ensuring a brighter future for generations to come. A QCD not only fulfills your philanthropic goals but also aligns with smart financial planning.

To explore how your generosity can impact Neumann University, contact our Office of Advancement today at **(610) 558-5513**.

[View full post](https://learn.neumann.edu/nuadvancement/planned-giving-qualified-charitable-distributions)

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