Introducing: THE HARVEST FUND (QCD)
Retirees—get unique advantages from a Qualified Charitable Distribution
If you have an IRA Rollover, opening a CFA HARVEST FUND (QCD) is a smart way to stretch your dollars for charitable giving that is quickly gaining popularity for it’s TRIPLE savings effect on tax-free giving.
In the spirit of “planning for harvest,” CFA’s HARVEST FUND (QCD) is a specially designed “Field of Interest Designated Fund” that allows you to use your IRA as a powerful source of charitable giving to support the charities, churches and ministries dear to your heart, and vital to community growth.
Seniors who are at least 70 ½ Years old and have an IRA account can make a “Qualified Charitable Distribution (QCD).”
• This is a direct transfer to charity, and it counts towards your RMD-Required Minimum Distribution.
• The IRS does not allow a QCD into Donor Advised Funds.
• So at CFA we designed this “HARVEST FUND,” specifically to accept a QCD from your IRA.