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Online giving

Qualified Charitable Distribution

A Qualified Charitable Distribution (QCD) lets traditional (non-Roth) IRA owners 70½ and older donate up to $108,000 ($111,000 for 2026) tax-free directly from their IRA to CMC, satisfying Required Minimum Distributions (RMDs) and lowering taxable income.   
 

Key Requirements & Benefits

  • Age: Must be 70½ or older.

  • Source: Funds must come directly from an IRA (not SEP/SIMPLE).

  • Recipient: Must be a qualified 501(c)(3) public charity like SABC

  • Direct Transfer: Trustee-to-charity transfer; you can't receive the money first.

  • Tax Benefit: The amount isn't taxed as income and doesn't require itemizing deductions.

  • RMD Fulfillment: Counts toward your annual RMD, reducing the taxable amount you withdraw.

  • Annual Limit: $108,000 per individual in 2025; $111,000 in 2026. 


How It Works 

  1. Contact your IRA custodian (e.g., Fidelity, Vanguard) and request a QCD.

  2. Specify the charitable organization as “St. Andrews Baptist Church” and the amount.

  3. The custodian sends the funds directly to SABC.

  4. The distribution is reported on Form 1099-R, but you note it as a non-taxable QCD to exclude it from income. 


Why Use a QCD?

  • Lower Taxable Income: Avoids pushing you into higher tax brackets.

  • Reduces Medicare Premiums: Lowers Adjusted Gross Income (AGI), potentially lowering Medicare Part B/D premiums.

  • Strategic Giving: Efficiently supports favorite charities while meeting mandatory withdrawals.

Appreciated Properties

Giving certain types of noncash items that have appreciated in value can offer significant tax advantages.  When you give appreciated assets such as real estate, publicly traded stock, or virtual currency that you have held for more than one year, you typically qualify for a deduction based on the full fair market value of the asset given without having to pay income tax on the appreciation of the asset.  This avenue of giving is especially beneficial because SABC, as a tax-exempt organization, can sell these gifted assets without paying tax on the gain.  The combination of you, the donor, being able to deduct the full fair market value of the asset donated, together with the exclusion from tax on the gain, results in both a maximum tax deduction for you and maximum funds available to SABC for the advancement of God’s kingdom.

Note: These advantages do not apply to retirement assets such as IRAs, 401(k)s, etc...

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How It Works: 

  1. Contact Howard Thomas (hthomas@standrewsbaptist.org) to obtain the SABC brokerage account information needed for the transfer.​

  2. Contact your broker or financial advisor and request a gift of stock providing the SABC brokerage account as the recipient (specific instructions will vary).

    1. You should request that the shares be transferred electronically to the church’s account using the DTC information provided by Howard.

    2. Do not sell the stock yourself if you wish to receive the full advantages of this gift.

  3. SABC will send you a formal tax acknowledgment letter shortly after the transfer is complete. Please keep this letter for your tax records. SABC is not allowed to provide the dollar value for your deduction, but you can typically use the average of the high and low trading price of the stock on the date it arrives in the church's account as the gift’s value.

ways you can donate:

In Person

However much you decide to give, we appreciate it. Money can be brought by the church at your convivence or during service.

By mail

For non-financial gifts:

PO Box 211545

Columbia, SC 29221

ONLINE

You can give online by clicking on the button. Thank you so much!

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