The charitable IRA rollover, or qualified charitable distribution (QCD), is a special provision allowing certain donors to exclude from taxable income -- and count toward their required minimum distribution -- certain transfers of Individual Retirement Account (IRA) assets that are made directly to public charities, including Chicago Shakespeare Theater.
Donors age 70 1/2 or older have used this popular option to support the theater with tax-wise gifts ranging from $100 to $100,000. A gift that qualifies, technically termed a “qualified charitable distribution,” must be: made by a donor age 70 1/2 or older; transferred from a traditional or Roth IRA directly to a permissible public charity, such as CST; and completed by December 31 of the corresponding tax year.
Checks can be made out to Chicago Shakespeare Theater and mailed directly to:
Chicago Shakespeare Theater
800 East Grand Avenue
Chicago, IL 60611
If you have any questions or need wire transfer information, please contact the Advancement Office at 312.667.4952 or email@example.com