Maximize your ministry impact and reduce your tax burden

Many generous ministry partners like you have seen the benefits of contributing from a traditional IRA by using a qualified charitable distribution (QCD) to accelerate the Great Commission.

A Qualified Charitable Distribution (QCD) is a direct transfer of funds from your IRA custodian directly to a qualified charity, like Cru.

At age 70 ½ or older, you may give pre-tax funds out of your individual retirement account (IRA) and lower your tax burden, sometimes even more so than giving cash on hand.

In 2024, the annual amount you can transfer directly from an IRA to a qualified charity and avoid triggering federal income tax has increased to $105,000*. Beginning at age 73, this transfer may also count toward your required minimum distribution (RMD). A married couple with separate IRAs may each transfer as much as $105,000 annually.

Give an IRA QCD

How to Make a QCD

To get started with a Qualified Charitable Distribution (QCD) from your IRA, contact your financial advisor or the financial institution (custodian) that holds your IRA. Make sure they understand that you want to make a tax-free distribution directly to charity rather than a taxable personal withdrawal. For your convenience, we have provided contact information below for some of the larger IRA custodians to help you get started. 

Some custodians send the QCD check directly to charity. Others will send the check to the IRA account holder but made payable to the charity. Other custodians provide the IRA account holder with a checkbook with which to make a QCD. Whichever method, please notify Cru of your gift and your desired intentions.

Should you have any questions, please contact our team at info@crufoundation.org or (800) 449-5454.

Please remember that a QCD cannot be made to a donor-advised fund, but Cru is able to split a single QCD to multiple designations within Cru.

Click here for more information on how to leave Cru as a beneficiary on your IRA, 401(K), 403(b) or other qualified retirement plan.

*Check with your professional advisor for how much of your QCD will qualify for your RMD.

Popular Custodian Contact Information
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American Funds

Customer Service: 1 (800) 421-4225

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Ameriprise

Contact your Ameriprise Advisor for further assistance.
Customer Service: 1-800-862-7919 (M – F, 7 AM to 7 PM CT).
Ameriprise FAQ on QCD.

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BMO Harris

Customer Service: 1-888-340-2265

BMO Harris IRA Strategies – Pg. 4

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Charles Schwab

Customer Service: 1-800-435-4000.
Schwab FAQ on QCD.

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Edward Jones

Contact your Edward Jones Financial Advisor.

Edward Jones Tax Efficient Giving Strategies

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Everence

Please contact your Everence representative.

Customer Service: 1-800-348-7468 (M – F, 8 AM to 5 PM ET).
Everence FAQ on QCD.

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Fidelity

Customer Service: 1-800-343-3548
Fidelity FAQ on QCD.

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Lincoln Financial

Customer Service: 1 (877) 275-5462

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Morgan Stanley

Customer Service: 1-888-454-3965

Morgan Stanley FAQ on QCD

Morgan Stanley Tax Efficient IRA Strategies

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TD Ameritrade

Customer Service: 1-888-723-8504, option 2.
TD Ameritrade FAQ on QCD.

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Vanguard

Customer Service: 1-877-662-7447 (8 AM to 8 PM ET).
Vanguard FAQ on QCD.

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Wells Fargo

CD (Time Account) or Savings Account IRAs
1-800-237-8472 (M – F, 8 AM to 8 PM ET)

Brokerage IRAs
1-866-281-7436 (M – F, 8 AM to 10 PM; Saturday 8 AM to 5 PM ET)

Wells Fargo FAQ on QCD.

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