MarketSmart, LLC Logo

A Smart Way to Make an Impact with Your IRA

Learn more about how a Qualified Charitable Distribution (QCD) can benefit you.

Take your next steps
Explore the benefits

If you are 70½ or older and have an IRA, you are already qualified!

Complete Your Distribution Form

How a Qualified Charitable Distribution (QCD) Works

1

You are at least 70½ years old with IRA funds you no longer need

2

Make a qualified charitable distribution (QCD) from your IRA

3

Your QCD goes directly to charity, supporting a cause you care about

*If you are 72 years old or older, your QCD can count towards your required minimum distribution (RMD)!

Calculate your rmd

Did You Know?

You can also support our mission for years to come. Simply name Spectrum Health Foundation as a beneficiary of your IRA account, and the remaining assets (or a portion) of the account will be distributed to ensure families in our communities can receive the care they need to be well and healthy.

Information for Beneficiary Designation

Legal name: Spectrum Health Foundation

Address: 100 Michigan St. NE, Grand Rapids, MI 49503

Federal Tax ID number: 38-2752328

Discover the Benefits of a Qualified Charitable Distribution (QCD)

Reduce your taxable income

When you take funds from your IRA, they count as taxable income. But if you transfer them directly to charity, you reduce your taxable income while satisfying your RMD.

Fulfill your Required Minimum Distribution (RMD)

After you turn 72, you must distribute funds from your IRA. If you do not distribute the required minimum, you may be penalized, but a QCD allows a transfer up to $100,000 per individual or $200,000 per couple to satisfy your RMD.

Give hope and save lives

When you make a qualified charitable distribution from your IRA to Spectrum Health, you make compassionate health care possible.

Get More Information

“We are grateful to be able to make our charitable gifts through our IRA. It’s simple, lowers our tax bill and helps a worthy cause – Spectrum Health Foundation United and Kelsey Hospitals. It’s a win, win.” — Larry and Karen Carbonelli

Find Out if a Qualified Charitable Distribution is Right For You

I was born before . Yes No
I have a qualified IRA. Yes No
I want to ensure compassionate healthcare. Yes No

You’re qualified to make this type of gift!

Calculate your RMD
Take your Next Steps

It looks like there are still some requirements that need to be met!

Other Ways to Make an Impact
Contact Us

Take Your Next Steps

1

Get started by selecting your IRA custodian and filling out your information below.
This information will be used to pre-fill your distribution form.

Oops! We could not locate your form.

2

Once you have downloaded and completed the rest of your form, please mail the form to your IRA custodian. We recommend mailing this as early as possible in December to ensure your IRA custodian completes the transfer before December 31st to count for the current tax year.

3

Please let us know about your generous gift!
We’d like to thank you and ensure your gift goes to the program or department you desire.
I've made a QCD transfer now.
I’ve designated Spectrum Health as a Beneficiary of my IRA.

The content found on this site is general in nature and intended to be used for informational purposes only. It should not be relied upon as legal, tax, accounting or other professional advice. To determine how a gift or estate planning decision might affect your particular circumstances, you should consult an attorney, financial advisor or other qualified professional.

//QCD scripts //qcd date var month = moment().subtract(6, 'months').format('MMMM'); var date = moment().date() + 1; var year = moment().subtract(71, 'years').format('YYYY'); jQuery('#datepicker').html(month + " " + date + ", " + year); jQuery(".age input").keyup(function (e) { var age =jQuery(e.currentTarget).val(); if (age < 72) { jQuery('.d-period input').val('0'); } else if (age <= 72) { jQuery('.d-period input').val('25.6'); } else if (age <=73) { jQuery('.d-period input').val('24.7'); } else if (age <=74) { jQuery('.d-period input').val('23.8'); } else if (age <=75) { jQuery('.d-period input').val('22.9'); } else if (age <= 76) { jQuery('.d-period input').val('22.0'); } else if (age <= 77) { jQuery('.d-period input').val('21.2'); } else if (age <=78) { jQuery('.d-period input').val('20.3'); } else if (age <=79) { jQuery('.d-period input').val('19.5'); } else if (age <=80) { jQuery('.d-period input').val('18.7'); } else if (age <= 81) { jQuery('.d-period input').val('17.9'); } else if (age <= 82) { jQuery('.d-period input').val('17.1'); } else if (age <=83) { jQuery('.d-period input').val('16.3'); } else if (age <=84) { jQuery('.d-period input').val('15.5'); } else if (age <=85) { jQuery('.d-period input').val('14.8'); } else if (age <= 86) { jQuery('.d-period input').val('14.1'); } else if (age <= 87) { jQuery('.d-period input').val('13.4'); } else if (age <=88) { jQuery('.d-period input').val('12.7'); } else if (age <=89) { jQuery('.d-period input').val('12.0'); } else if (age <=90) { jQuery('.d-period input').val('11.4'); } else if (age <= 91) { jQuery('.d-period input').val('10.8'); } else if (age <= 92) { jQuery('.d-period input').val('10.2'); } else if (age <=93) { jQuery('.d-period input').val('9.6'); } else if (age <=94) { jQuery('.d-period input').val('9.1'); } else if (age <=95) { jQuery('.d-period input').val('8.6'); } else if (age <= 96) { jQuery('.d-period input').val('8.1'); } else if (age <= 97) { jQuery('.d-period input').val('7.6'); } else if (age <=98) { jQuery('.d-period input').val('7.1'); } else if (age <=99) { jQuery('.d-period input').val('6.7'); } else if (age <=100) { jQuery('.d-period input').val('6.3'); } else if (age <= 101) { jQuery('.d-period input').val('5.9'); } else if (age <= 102) { jQuery('.d-period input').val('5.5'); } else if (age <=103) { jQuery('.d-period input').val('5.2'); } else if (age <=104) { jQuery('.d-period input').val('4.9'); } else if (age <=105) { jQuery('.d-period input').val('4.5'); } else if (age <= 106) { jQuery('.d-period input').val('4.2'); } else if (age <= 107) { jQuery('.d-period input').val('3.9'); } else if (age <=108) { jQuery('.d-period input').val('3.7'); } else if (age <=109) { jQuery('.d-period input').val('3.4'); } else if (age <=110) { jQuery('.d-period input').val('3.1'); } else if (age <= 111) { jQuery('.d-period input').val('2.9'); } else if (age <= 112) { jQuery('.d-period input').val('2.6'); } else if (age <=113) { jQuery('.d-period input').val('2.4'); } else if (age <=114) { jQuery('.d-period input').val('2.1'); } else if (age >=115) { jQuery('.d-period input').val('1.9'); } else { jQuery('.d-period input').val(''); } } ); jQuery('.qcd-yes-btn').click(function() { jQuery(this).toggleClass('green-bg'); jQuery(this).siblings('.qcd-no-btn').removeClass('red-bg'); }); jQuery('.qcd-no-btn').click(function() { jQuery(this).toggleClass('red-bg'); jQuery(this).siblings('.qcd-yes-btn').removeClass('green-bg'); }); jQuery('.qcd-allyes').hide(); jQuery(".qcd-yes-btn").click(function(){ if (jQuery('.yes-1').hasClass('green-bg') && jQuery('.yes-2').hasClass('green-bg') && jQuery('.yes-3').hasClass('green-bg') ) { jQuery('.qcd-allyes').slideToggle(); jQuery('.qcd-no').slideUp(); return false; } else { jQuery('.qcd-allyes').slideUp(); } }); jQuery(".qcd-no").hide(); jQuery(".qcd-no-btn").click(function(){ if (jQuery('.no-1').hasClass('red-bg') || jQuery('.no-2').hasClass('red-bg') || jQuery('.no-3').hasClass('red-bg') ) { jQuery('.qcd-no').slideToggle(); jQuery('.qcd-allyes').slideUp(); return false; } else { jQuery('.qcd-no').slideUp(); } }); jQuery(".rmd-calculator").hide(); jQuery("#rmd-link").click(function(){ jQuery('.rmd-calculator').slideToggle(); }); jQuery(".rmd-calc-2").hide(); jQuery("#rmd-link-2").click(function(){ jQuery('.rmd-calc-2').slideToggle(); return false; }); jQuery(".qcd-resources").hide(); jQuery("#moreinfo-link").click(function(){ jQuery(".qcd-resources").slideToggle(); }); jQuery('.qcd-benefits-box').on('click',function(e){ e.preventDefault(); jQuery(this).toggleClass('active'); jQuery(this).siblings('.qcd-benefits-content').slideToggle(); });
.qcd-checklist th { padding:15px; } .qcd-checklist table { margin:0 auto; width:100%; border-collapse: separate; border-spacing: 0 1em; } th.options { text-align:center; border:1px solid #999999; } th.options:hover { cursor:pointer; } .green-bg { border:2px solid #28AD00 !important; background: rgba(42, 174, 0, 0.60); color:white; } .red-bg { border:2px solid #B30838 !important; background: rgba(179, 8, 57, 0.6); color:white; }
© 2024 MarketSmart. All rights reserved.