Qualified Charitable Distributions (QCD)

Use your IRA to feed our community for years to come, with significant potential tax savings

What Is a QCD?

A Qualified Charitable Distribution (QCD) allows you to give directly from your IRA to a qualified charity like Lynchburg Daily Bread.

If you’re age 70½ or older, your gift may be excluded from your taxable income—and if you're 73+, it can count toward your Required Minimum Distribution (RMD).

Why Consider a QCD?

Key Benefits:

  • Tax-free giving (no itemizing required)

  • Reduces taxable income

  • Counts toward your RMD

  • Simple, direct process

  • Supports local families facing hunger

What Is an RMD?

A Required Minimum Distribution (RMD) is the amount the IRS requires you to withdraw annually from your retirement account starting at age 73.

Normally, this withdrawal is taxable.

But when you direct those funds to charity through a QCD, the distribution:

  • Does not count as income

  • Still satisfies your IRS requirement

How Your Gift Helps

Your generosity helps us serve over 300,000 meals each year to individuals and families experiencing hunger in Central Virginia.

Every QCD gift directly supports:

  • Daily hot meals

  • A welcoming, dignified environment

  • No-barrier access to food

How to Make a QCD

Step 1: Talk to Your Financial Advisor

Let them know you’d like to make a Qualified Charitable Distribution to Lynchburg Daily Bread. They will handle the paperwork and help ensure it is processed correctly.

Step 2: Ask that the check be made payable to:

Lynchburg Daily Bread
EIN: 52-1268749

Step 3: Keep Records

Your IRA provider will send you a Form 1099-R after year-end, though it may not say your gift was a QCD. To ensure proper tax reporting, keep the check stub or acknowledgement letter from us and share it with your accountant at tax time.

*We will send you a thank-you letter confirming the date, amount, and that no goods or services were received –exactly what your tax preparer needs.

This information is for educational purposes only and should not be considered financial, tax, or legal advice. Please consult your advisor before making charitable giving decisions.