You must turn 70-1/2 prior to completing the distribution.

Yes. A QCD is the language used in the tax code, but they are more often referred to as Charitable IRA Rollovers.

IRA rollover gifts are not deductible — but the money is never included in your income in the first place, which for many people is more favorable than a deduction.

Roth IRAs are eligible for rollover treatment; however, you may wish to discuss with your financial advisor whether this is the best way for you to give.

No, transfers must come directly from an IRA or Roth IRA. However, if you have retirement assets in a 401(k), 403(b), etc., you may be able to roll those funds into an IRA, then use the IRA for giving. Please discuss this with your financial advisor.

The minimum gift size depends on the policies of your IRA custodian. The maximum distribution permitted by the IRS is $100,000, per account holder (i.e., per spouse), per year.

A rollover cannot be used to make gifts when the donor receives a benefit in return (i.e., to attend a dinner).

In most cases, you should start by contacting your IRA custodian. If you have an IRA with check-writing features, please be aware that your check must be made out to your local Sutter Foundation and must clear your account by December 31 to count toward your RMD.

You may request a distribution at any time during the year. If you intend that your distribution count toward your RMD, please begin your transfer by early December to allow ample time for your transfer to be completed.

Your IRA custodian may have its own form to request the transfer; if not, we have enclosed a sample instruction letter for your custodian.

Yes! Payment schedules of various lengths may be established by the donor with a maximum duration of five years.

We will send you a written acknowledgement of your gift to thank you and to confirm the amount of your gift and its intended purpose. Because there is no income tax deduction, you will not receive a conventional receipt.

If you are over age 70-1/2 and have an IRA, the rollover might be right for you if:

• You do not itemize deductions
• You don't need your required minimum distribution (RMD)
• Your RMD causes more of your Social Security income to be taxed
• You are making charitable contributions at your deduction limit, but want to do more

*FAQ SOURCE: NATIONAL ASSN OF CHARITABLE GIFT PLANNERS WEBSITE. DATE ACCESSED: OCTOBER 10, 2018