Give From Your IRA
If you are age 70½ or older, giving from your Individual Retirement Account (IRA) can be a tax-smart way to help ensure babies across the DMV have the diapers they need to stay clean, dry, and healthy.
Sometimes called an “IRA gift” or “IRA charitable rollover,” a gift from your IRA allows you to put retirement assets to work for a cause you care about while potentially realizing valuable tax benefits.
Curious about IRA Giving?
What Is a Qualified Charitable Distribution?
A Qualified Charitable Distribution, or QCD, allows individuals age 70½ or older to make a charitable gift directly from an Individual Retirement Account (IRA) to an eligible nonprofit organization like Greater DC Diaper Bank.
Traditional IRAs are generally funded with pre-tax dollars that are invested for retirement. When funds are withdrawn, those distributions are typically included in the account holder’s taxable income. A QCD offers eligible donors another option: directing funds from an IRA straight to a qualified charity.
In 2026, eligible individuals may make up to $111,000 in QCDs from their IRA during the year.
What Is a Required Minimum Distribution?
Beginning at age 73, most traditional IRA account holders are required to withdraw a minimum amount from their retirement account each year. This is called a Required Minimum Distribution, or RMD. Failing to take the required distribution can result in a tax penalty.
For eligible donors, a QCD can count toward satisfying all or part of that annual RMD while supporting a charitable organization they care about.
Why Make a Gift from Your IRA?
A QCD can be a particularly tax-efficient way to make a charitable gift.
Unlike a typical IRA withdrawal, an eligible QCD is generally not included in your taxable income. A QCD also reduces the balance remaining in your IRA, which may reduce the amount of your RMDs in future years.
At the same time, your gift provides critical support to help Greater DC Diaper Bank get diapers into the hands of families across our region.
Is an IRA Gift Right for You?
A Qualified Charitable Distribution may be worth considering if you:
- Are age 70½ or older;
- Have a traditional IRA;
- Want to make a charitable gift directly from your IRA;
- Are age 73 or older and need to satisfy some or all of your annual RMD; or
- Are looking for a tax-efficient way to make a meaningful charitable gift.
Your IRA custodian or financial advisor can help you determine whether a QCD is appropriate for your individual circumstances and assist you with initiating your gift.
How to Make an IRA Gift to Greater DC Diaper Bank
Making a Qualified Charitable Distribution starts with your IRA custodian.
1. Contact your IRA custodian.
Ask to make a Qualified Charitable Distribution to Greater DC Diaper Bank. Your custodian can explain its process and any forms or information it requires.
2. Provide Greater DC Diaper Bank’s information.
Legal Name: Greater DC Diaper Bank
EIN: 27-4276547
Mailing Address:
5614 Connecticut Ave. NW #285
Washington, DC 20015-2604
3. Tell us about your gift.
IRA gifts are not always identified as IRA gifts when they arrive. Whether your gift is on the way or has already arrived, please let us know so we can record it correctly and provide you with the appropriate tax receipt.
Planning a Year-End IRA Gift?
IRA gifts can take time to reach Greater DC Diaper Bank after they are initiated. If you intend for your Qualified Charitable Distribution to count toward your Required Minimum Distribution for this calendar year, the QCD must be received by December 31.
We encourage you to contact your IRA custodian and initiate your gift well in advance of year-end.
Questions About IRA Giving?
We’re happy to help with questions about making a gift from your IRA to Greater DC Diaper Bank. Contact us at donor@dcdiaperbank.org or call 202-702-4001.
Greater DC Diaper Bank does not provide tax, legal, or financial advice. Please consult your tax or financial advisor to determine whether a Qualified Charitable Distribution is appropriate for your individual circumstances.