An IRA Rollover Contribution, also known as a qualified charitable distribution (QCD), is a distribution of funds from your IRA directly to a qualified charitable organization, such as Tennessee Wildlife Federation.
Because the gift goes directly to the charity without passing through your hands, the dollar amount of the gift may be excluded from your taxable income up to a maximum of $100,000 annually, with some exceptions. Also, because you paid into your IRA with pre-tax dollars, IRA Rollover Contributions allow you to enjoy a double tax benefit as you then distribute those dollars directly to a nonprofit without paying taxes on them this time either!
Please consult your tax advisor for information regarding your specific exceptions. IRA Rollover Contributions cannot be made from a SEP or Simple IRA.
To learn more about QCDs, please visit IRS.gov