It's also notable that because QCDs must be made to certain types of public charities (so-called "50% charities") the options for charitable entities are more limited; if the client wishes to fund a donor-advised fund, a split-interest trust (e.g....
INTRODUCTION2 A charity is a type of nonprofit institution exempt from federal taxation under Section 501(c)(3) of the Internal Revenue Code.3 In exchange for this exemption, the charity promises to do public good by promoting education, health, the arts, or other charitable purposes as ...