Charity’s IRA required info
Trying to set our organization straight. With regard to what is actually legally required on a charity’s acknowledgement/end-of-year statement for QCDs and DAF donations, I’ve seen some guidelines, such as include postmark, date received etc. But I cannot find these exact requirements in any IRS publication, just the usual things that are required of any donation. I understand about best practices, but what is actually legally required?
Permalink Submitted by Alan - IRA critic on Thu, 2022-02-03 17:51
It’s not real clear. Basically, with respect to QCDs the charity’s acknowlegement would be the same as for a non QCD donation. The year end date situation is not clear as explained in the following KItces article. Am not able to comment on DAF donations.
https://www.kitces.com/blog/qualified-charitable-distribution-qcd-from-ira-to-satisfy-rmd-rules-and-requirements