I'm age 70 1/2 this year, so I should qualify to make contribution via a QCD, but not old enough for RMD. Several years ago, I established a DAF in Vanguard. Is there a way within Vanguard to fund my DAF from my IRA (also in Vanguard) via QCD vehicle, or they are distinct entities for donations?
TIA.
Vanguard DAF and QCD contribution
Re: Vanguard DAF and QCD contribution
No, a DAF is not eligible to receive a QCD. A DAF donation from an IRA would have to be reported as taxable income, and then would be eligible for the charitable deduction if you can otherwise itemize.htdrag11 wrote: ↑Tue Dec 06, 2022 1:10 pm I'm age 70 1/2 this year, so I should qualify to make contribution via a QCD, but not old enough for RMD. Several years ago, I established a DAF in Vanguard. Is there a way within Vanguard to fund my DAF from my IRA (also in Vanguard) via QCD vehicle, or they are distinct entities for donations?
TIA.
Re: Vanguard DAF and QCD contribution
You should also be aware that QCD donations can be made any time after your 70.5 birthdate, but not before that date. So, if you turn 70.5 later in the year, you must wait until that date to make QCD donations.
Re: Vanguard DAF and QCD contribution
To Alan S,
Too bad, no adulteration.
To sport,
No worry. I have crossed the divide.
Thanks.
Too bad, no adulteration.
To sport,
No worry. I have crossed the divide.
Thanks.