Your IRA can provide a tax-smart way to support Lancaster Bible College. A Qualified Charitable Distribution (QCD), sometimes called an IRA Charitable Rollover, allows you to make a tax-free gift directly from your IRA while also satisfying your Required Minimum Distribution (RMD), if applicable.
How Do I Qualify?
The Qualified Charitable Distribution (QCD) offers multiple benefits for making gifts from your IRA.
- You must be 70½ years or older at the time of the gift.
- Gifts must go directly from your IRA to Lancaster Bible College.
- For 2026, total QCD gifts cannot exceed $111,000 per donor.
Benefits of Qualified Charitable Distribution
- If you don’t itemize your income tax deductions, a QCD offers all of the benefits of an itemized income tax charitable deduction.
- If you are age 73 or older and must take a Required Minimum Distribution RMD, a QCD gift can satisfy your RMD without increasing your income taxes.
- You may direct your gift to a program or area of your choice.
- It is a wonderful way to create an immediate impact on Lancaster Bible College.
How Can I Make an IRA Charitable Rollover?
Contact your IRA administrator to request a Qualified Charitable Distribution from your IRA to LBC.