Also known as Qualified Charitable Distributions (QCDs), QCDs are a savvy way for individuals age 72 or older to use their IRA’s to maximize their charitable impact by making tax-free distributions directly to Coastal Hospice.
How to Make a Charitable Distribution:
Option 1: Contact your IRA custodian and request a direct transfer to: Coastal Hospice, Inc., P.O. Box 1733, Salisbury, MD 21802. Our Tax ID # is: 52-1214775. Do not withdraw the funds to contribute yourself, or you will have to report the withdrawal as taxable income. If you are requesting the transfer at the end of the tax year, allow enough time for the transfer to complete by December 31.
Option 2: Send a gift directly to Coastal Hospice using your IRA checkbook. Allow extra time for the gift to clear in order to take a tax deduction in the current calendar year. Contact the Advancement Director, Kerrie Bunting at 410.742.8732 or kbunting@coastalhospice.org with your name, the exact amount of your gift, and the name of your IRA custodian so we can provide you with substantiation for your tax return.