By Lesley Roberts, Philanthropic Advisor
Qualified Charitable Distributions (QCDs) can be a powerful charitable planning tool for clients age 70½ and older.
At Arkansas Community Foundation, eligible clients can direct QCDs to a designated fund, field-of-interest fund, scholarship fund, or unrestricted fund—or directly support the Community Foundation’s overall mission and work.
Because QCDs are so useful, we’re keeping an eye on two bipartisan proposals that could expand how clients use them.
The Charity Parity Act
The Charity Parity Act (S. 2204/H.R. 4495) would permit QCDs directly from employer-sponsored retirement plans, such as 401(k)s, in addition to traditional IRAs.
The IRA Charitable Rollover Facilitation and Enhancement Act
The IRA Charitable Rollover Facilitation and Enhancement Act (S. 3975) would extend QCD eligibility to donor advised funds.
Neither proposal has advanced beyond committee, but both remain active and could expand charitable giving options if enacted.
We’ll keep watching—and keep you posted.
