How to Make a Qualified Charitable Distribution from Your IRA

A Qualified Charitable Distribution (QCD) is a direct transfer of funds from your IRA custodian directly to a qualified charity, like Cru. QCDs can be counted towards your required minimum distribution (RMD) for the year, if certain rules are met.

You cannot claim a charitable income tax deduction for a QCD gift, but by utilizing the QCD option you can lower your taxable income, which may provide you with greater income tax savings when compared to making a cash gift and claiming an income tax deduction.

To get started with a Qualified Charitable Distribution (QCD) from your IRA, contact your financial advisor or the financial institution (custodian) that holds your IRA. Make sure they understand that you want to make a tax-free distribution directly to charity rather than a taxable personal withdrawal. For your convenience, we have provided contact information below for some of the larger IRA custodians to help you get started. 

Some custodians send the QCD check directly to charity. Others will send the check to the IRA account holder but made payable to the charity. Other custodians provide the IRA account holder with a checkbook with which to make a QCD. Whichever method, please notify Cru of your gift and your desired intentions.

QCD checks should be made payable to “Cru Foundation,” and mailed to:
100 Lake Hart Drive, Department 3600, Orlando, FL 32832-0100.
Cru Foundation’s tax ID is 95-2814920. 
Please also include the Cru ministry designation(s) and the percentages/amounts to each on the memo line of the check or as an enclosure or include the form linked below:

IRA Notification Form

Should you have any questions, please contact our team at info@crufoundation.org or (800) 449-5454.

Please remember that a QCD cannot be made to a donor-advised fund, but Cru Foundation is able to split a single QCD to multiple designations within Cru.

Click here for more information on how to leave Cru as a beneficiary on your IRA, 401(K), 403(b) or other qualified retirement plan.

Popular Custodian Contact Information
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American Funds

Customer Service: 1 (800) 421-4225

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Ameriprise

Contact your Ameriprise Advisor for further assistance.
Customer Service: 1-800-862-7919 (M – F, 7 AM to 7 PM CT).
Ameriprise FAQ on QCD.

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BMO Harris

Customer Service: 1-888-340-2265

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Charles Schwab

Customer Service: 1-800-435-4000.
Schwab FAQ on QCD.

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Edward Jones

Contact your Edward Jones Financial Advisor.

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Everence

Please contact your Everence representative.

Customer Service: 1-800-348-7468 (M – F, 8 AM to 5 PM ET).
Everence FAQ on QCD.

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Fidelity

Customer Service: 1-800-343-3548
Fidelity FAQ on QCD.

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Lincoln Financial

Customer Service: 1 (877) 275-5462

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Morgan Stanley

Customer Service: 1-888-454-3965

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Pershing

Contact your Pershing advisor for further assitance.

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TD Ameritrade

Customer Service: 1-888-723-8504, option 2.
TD Ameritrade FAQ on QCD.

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Vanguard

Customer Service: 1-877-662-7447 (8 AM to 8 PM ET).
Vanguard FAQ on QCD.

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Wells Fargo

CD (Time Account) or Savings Account IRAs
1-800-237-8472 (M – F, 8 AM to 8 PM ET)

Brokerage IRAs
1-866-281-7436 (M – F, 8 AM to 10 PM; Saturday 8 AM to 5 PM ET)

Wells Fargo FAQ on QCD.

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