Qualified Charitable Distributions and Required Minimum Distributions

CISE (EIN 82-0977523) accepts Qualified Charitable Distributions (QCDs) from a taxable IRA. If you are 70½ or older, you can make annual QCDs of up to $105,000 in total, tax-free, to CISE directly from a taxable IRA. QCDs aren’t included in your taxable income, so you won’t be pushed into a higher tax bracket. They also don’t require you to itemize your tax return. For those at least 73 years old, QCDs count toward your required minimum distribution (RMD) for the year. Please consult your financial advisor.