Qualified Charitable Distribution

Did you know that you can also donate to FATC through a “Qualified Charitable Distribution” from your IRA? 

The advantage of a QCD is that the money donated from your IRA is not taxed and the amount does not add to your income for that year.

When can you do a QCD?

At age 70.5 years you may do a QCD

At age 73 you are required to take an RMD (Required Minimum Distribution) from your IRA investments and a QCD will fulfill  a portion of your required RMD for that year.

What are the steps for taking a QCD?

Contact Custodian: Request the specific QCD or distribution form from your IRA administrator. 

Direct the Payment: Instruct the custodian to make the check payable directly to FATC.

Below is the information you will need to provide to your IRA custodian.

Friends of Albany Tennis Club
PO Box 3052, Albany, NY  12203

For more information on the advantages of a QCD, please view the video below: