IRA

_{A qualified charitable distribution (QCD) is a distribution of funds from your IRA directly to a qualified charitable organization, such as Corvallis Multicultural Literacy Center. The dollar amount of the gift may be excluded from your taxable income up to a maximum of $108,000 annually, with some exceptions. QCDs can be made by IRA owners who are age 70 1/2 or older. Your tax advisor can provide additional information on your particular situation.}