The qualified charitable distribution (QCD) from your IRA is permanent, easy to use, and ideal for giving that helps reduce your tax burden.

“It’s as easy as falling off a log,” says Carnegie Mellon Trustee Emeritus Tom McConomy, (E 1955). Made permanent by congressional and presidential action in 2015, the QCD allows McConomy to contribute annual gifts to his alma mater simply and conveniently.“It’s as easy as falling off a log,” says Carnegie Mellon Trustee Emeritus Tom McConomy, (E 1955). Made permanent by congressional and presidential action in 2015, the QCD allows McConomy to contribute annual gifts to his alma mater simply and conveniently.

“It lets the bank do all the work,” he stresses, “and it’s a reminder at the end of the year that you ought to get moving.” Because he can confidently count on using it this year and into the future, he can more easily set longterm philanthropic plans.

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