A Qualified Charitable Distribution (QCD) offers a uniquely powerful and tax-efficient way to support Equest directly from your IRA.
Individuals aged 70½ or older can support Equest while enjoying tax advantages. By utilizing a qualified charitable distribution (QCD), you can donate up to $108,000* directly from your Individual Retirement Account (IRA) to a qualifying charity, such as Equest, without incurring federal income tax on the distribution.
Immediate Impact:
Your contribution directly supports Equest, allowing you to witness the positive difference your generosity makes.
Tax-Free Giving:
The distributed funds are excluded from your taxable income. This benefit applies regardless of whether you itemize deductions.
Required Minimum Distribution (RMD) Fulfillment:
Retirees must begin taking RMDs at age 73. A QCD can be used to satisfy all or part of this requirement.
Potential Income Reduction:
A QCD is not considered income, so it can lower your adjusted gross income. This may lead to reduced Medicare premiums and a decrease in the taxable portion of your Social Security benefits.
Life Income Plan Funding:
You can make a one-time QCD of up to $54,000 from your IRA to fund a life-income plan, such as a charitable remainder trust.
4. Use Our Legal Information
When including Equest in your plans, please use our official legal name and federal tax ID.
LEGAL NAME:
Equest
PHYSICAL ADDRESS:
811 Pemberton Hill Road
Building 4
Dallas, Texas 75217
MAILING ADDRESS:
PO Box 171779,
Dallas, Texas 75217
FEDERAL TAX ID NO:
75-1823701
Address
811 Pemberton Hill Road #4
Dallas, Texas 75217
© 2024, Equest. All Rights Reserved.
TAX ID 75-1823701 – Privacy Policy – 990 Form
Mailing Address
PO Box 171779
Dallas, Texas 75217