Give from your IRA

If you are 70.5 years or older, you can give a tax-free gift, in the form of a Qualified Charitable Distribution (QCD) from your traditional IRA account.

An IRA Charitable Rollover, also known as a Qualified Charitable Distribution (QCD), is a way to make a tax-free gift that benefits you and WyoFile. Even though the SECURE Act raised the Required Minimum Distribution (RMD) age to 72, the QCD age remains at 70.5, so QCDs can be used for charitable giving, even before RMDs begin.

To donate from your IRA:

1. Contact your IRA custodian (Fidelity, Vanguard, Schwab, etc.) and ask for a QCD distribution form
2. Provide WyoFile’s legal name and EIN (WyoFile; EIN: 27-0410642)
3. Your custodian will handle the transfer directly
4. WyoFile will send you a written acknowledgment for your records