If you are 70½ or older and have an IRA, you are already qualified!
How a Qualified Charitable Distribution (QCD) Works
You are at least 70½ years old with IRA funds you can share
*If you are 73 years old or older, your QCD can count towards your required minimum distribution (RMD)!
Did You Know?
You can also support our mission for years to come. Simply name Road Scholar as a beneficiary of your IRA account, and the remaining assets (or a portion) of the account will be distributed to create opportunities for older adults to learn, feel reinvigorated, meet new friends and expand their horizons.
Sample Beneficiary Designation
Legal name: Elderhostel, Inc. dba Road Scholar
Address: 11 Ave. de Lafayette, Boston, MA 02111-1746
Federal Tax ID number: 04-2632526
Discover the Benefits of a Qualified Charitable Distribution (QCD)
Reduce your taxable income
When you take funds from your IRA, it is counted as taxable income. But if you transfer those funds directly to charity, you reduce your taxable income while satisfying your RMD.
Fulfill your Required Minimum Distribution (RMD)
After you turn 73, you are required to annually withdraw funds from your IRA. If you do not withdraw the required minimum, you may be penalized, but a QCD allows a transfer up to $100,000 per individual or $200,000 per couple to satisfy your RMD.
Change the Lives of Older Adults
When you make a qualified charitable distribution from your IRA to Road Scholar, you will help us enrich and enhance the lives of older adults.
“I have been a longtime supporter of Road Scholar and its mission to provide educational travel experiences for older adults. This year, I discovered it would be more tax efficient to make my donation as a Qualified Charitable Distribution (QCD) from my IRA to Road Scholar and at the same time have it count toward my annual Required Minimum Distribution (RMD). All I had to do was contact my IRA administrator and arrange for them to make the transfer directly. I received the tax benefit and Road Scholar continues to receive my support!”
– Pauline O. from New York, NY
Find Out if a Qualified Charitable Distribution is Right For You
|I was born before .||Yes||No|
|I have a qualified IRA.||Yes||No|
|I want to give transformative educational experiences to older adults.||Yes||No|
You’re qualified to make this type of gift!
It looks like there are still some requirements that need to be met!
Take Your Next Steps
Get started by selecting your IRA custodian and filling out your information below. This information will be used to pre-fill your distribution form.
Once you have downloaded and completed the rest of your form, please mail the form to your IRA custodian. We recommend mailing this by December 1 to ensure you receive your tax deduction for this year.
Please let us know about your generous gift!
We’d like to thank you and ensure your gift goes to the program or department you desire.
The content found on this site is general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting or other professional advice. To determine how a gift or estate planning decision might affect your particular circumstances, you should consult an attorney, financial advisor or other qualified professional.