Charitable IRA Transfers (QCDs)
Using an IRA to make a charitable donation can help lower your tax bill and help Housing Assistance. For those subject to Required Minimum Distributions (RMDs), QCDs count toward meeting your RMD, but must be made payable directly to charity, not to the owner/beneficiary otherwise the distribution will be counted as taxable. Housing Assistance receives the amount without tax, while the QCD helps satisfy your RMD without any tax consequence to you. For those with large IRAs, be aware there is a cap on the amount permitted to be donated by QCD. See your IRA custodian for proper paperwork.
To support Housing Assistance with your QCD, please ask your IRA custodian to send the check directly to the address below and mark your name in the memo.
Housing Assistance Corporation
460 West Main Street
Hyannis, MA 02601