Make a Qualified Charitable Distribution

Support your passion for Central Park!

The information provided below is general in nature and should not be considered tax or financial advice. Always consult with a qualified professional to discuss your specific situation and ensure compliance with all applicable tax laws.

Qualified Charitable Distributions

If you are at least 70½ years old, you are eligible in 2025 to make Qualified Charitable Distributions (QCDs) from your IRA(s) of up to $108,000 in outright gifts annually. QCDs can count toward required minimum distributions (RMDs), and QCDs used to make outright gifts are excluded from federal taxable income entirely.

QCD Considerations

  • You must be at least 70½ years old to be eligible to make a QCD.
  • QCDs must be made from IRAs (including inactive SEP and SIMPLE plans).
  • Distributions from any other type of retirement plan (401(k), 403(b), 457, Keogh, etc.) will not qualify.
  • In 2025, you can make QCDs totaling up to $108,000 annually (the original $100,000 limit has been indexed for inflation).
  • QCDs used to make outright gifts are excluded from federal taxable income and can count toward RMDs.
  • You cannot claim a federal income tax charitable deduction for your QCD. State laws may vary, and some states may treat QCDs as taxable income followed by a deduction. Please consult your tax advisor to learn more.
  • QCDs must benefit qualified charities. QCDs cannot be made to donor-advised funds or family foundations.
  • Your QCD must be completed on or before December 31, 2025, to be counted in the 2025 tax year.
  • No goods, services, or income can be received by the donor in exchange for the gift.

How to Set Up a Qualified Charitable Distribution

  • QCDs must be distributed directly to the Central Park Conservancy by your IRA administrator—amounts distributed to you first and then given to charity do not qualify.
  • Contact your IRA administrator directly for instructions and forms related to making a QCD.

Other Helpful Information

Proper designation: When referring to the Conservancy in your QCD documentation please use: “Central Park Conservancy, Inc.”

Our mailing address is:

Central Park Conservancy, Inc.
717 Fifth Avenue
New York, NY 10022

IRS Tax Identification Number: The Conservancy’s tax identification number is: “13-3022855.”

Thank you for your interest in supporting Central Park!