Qualified Charitable Distribution

Are you 70½ or older and looking for a smart way to make a difference? Have you heard about the Qualified Charitable Distribution (QCD) and wondered how it could benefit you and Kneisel Hall?

What is a QCD?

A Qualified Charitable Distribution (QCD) allows individuals aged 70½ or older to make direct transfers of up to $105,000 per year from their IRA to a qualified charity like Kneisel Hall. For married couples, each spouse can make QCDs up to the $105,000 limit for a potential total of $210,000. The QCD has a dual advantage: it counts toward your required minimum distribution (RMD) without increasing your taxable income. It’s a great example of how thoughtful financial planning can lead to meaningful philanthropy.

Why Consider a QCD to Kneisel Hall?

Kneisel Hall is dedicated to enriching lives and strengthening communities through exceptional music education and performance. By contributing to Kneisel Hall through a QCD, you’re not only supporting an institution that champions classical music and artistic excellence but also becoming a part of the enduring legacy of Franz Kneisel in the world of music education.

How Does it Work?

Consult Your Financial Advisor

Before initiating a QCD, it’s critical to discuss the QCD with your financial advisor to ensure it aligns with your overall financial plan.

Contact Your IRA Custodian

Request that your IRA custodian make a direct transfer to Kneisel Hall, Tax ID# 23-7361263. The funds must be sent directly to the charity to qualify as a QCD.

Notify us!

Let us know about your generous contribution so we can acknowledge your gift appropriately and keep you informed about the impact of your support. Contact Meredith Amado, Executive Director, at meredith@kneisel.org.