As someone who cares deeply about our community, you understand the importance of charitable giving in improving the quality of life. Every year, Americans give nearly 2% of our nation’s GDP to philanthropic causes; a remarkable level of generosity that supports more than a million nonprofits across the country. At the same time, trust has become one of the most important factors donors consider when deciding where to give. We are honored that so many of you place your confidence in the Wayne County Foundation to steward your philanthropy with care and integrity.
The Foundation serves as your home for charitable giving, no matter what causes you support. We also work to understand the evolving needs of our community and keep you informed so your giving can have the greatest possible impact. Some needs are urgent, such as immediate assistance in response to a crisis. Other needs are long-term, such as building educational opportunities, strengthening health and human services, or expanding economic stability. As the community’s needs evolve over time, we remain committed to helping your generosity make a difference today and across future generations.
For donors aged 70½ and older, one of the most effective and tax-savvy charitable giving tools available is the Qualified Charitable Distribution, or QCD. A QCD allows you to direct up to $108,000 in 2025 from your IRA to a qualified public charity, bypassing taxable income. If you are already taking required minimum distributions (RMDs), a QCD can satisfy those obligations while keeping your adjusted gross income lower, which can help manage tax brackets, Medicare IRMAA surcharges, and other income-based considerations.
QCDs cannot be directed to donor-advised funds. So, many donors choose to use their donor-advised fund to support their favorite charities through regular annual gifts, and then use their QCDs to support an unrestricted fund at the Wayne County Foundation. An unrestricted fund enables the Foundation’s board and staff to deploy dollars toward the most pressing and emerging needs right here at home. It is one of the most powerful ways to support your community, both now and in the future.
Be sure to talk with your tax advisors about whether a QCD fits into your 2025 charitable giving plans. Looking ahead, with new tax laws taking effect in 2026, QCDs may become even more valuable, so be sure to discuss next year’s opportunities, too.
No matter which tools you use, your donor-advised fund, a QCD to an unrestricted fund, or other giving strategies, the Wayne County Foundation is here to support you. Please reach out anytime. We are honored to partner with you to ensure your generosity continues to make a meaningful difference in the community we all love.