Giving Through IRA Qualified Charitable Distributions (QCDs)
If you're 70½ or older and looking for a tax-smart way to support sovereign art, a Qualified Charitable Distribution (QCD) from your IRA can be an excellent option.
As the first 501(c)(3) nonprofit paying artists exclusively in Bitcoin, we can convert your QCD to BTC (per our volatility policy), helping fund creators through grants, workshops, and our HODL Vault endowment.
No impact on your current income: your gift can help build uncensorable art's future.
QCDs can be excluded from adjusted gross income (AGI) for eligible donors (consult your advisor).
If you're subject to RMDs, a QCD can count toward that requirement without adding taxable income.
No need to itemize deductions for many donors — your custodian sends funds directly to the charity.
QCDs arrive as fiat; we can convert to BTC per policy for long-term impact.
What is a QCD?
A QCD is a direct transfer from your IRA (traditional, rollover, or SEP/SIMPLE in non-active years) to a qualified charity like Bitcoin For The Arts. It can count toward your Required Minimum Distribution (RMD) if applicable, and is limited annually under IRS rules.
Funds must go straight from your IRA custodian to us — not via a personal check.
Benefits for donors
- Tax savings: May reduce taxable income and help avoid certain phase-outs (consult your advisor).
- RMD satisfaction: Can count toward RMDs without increasing taxable income.
- Legacy impact: Support low time preference projects that last generations.
- Simplicity: Straightforward for many non-itemizers.
How it works
- Contact us: Email donate@bitcoinforthearts.org and we’ll provide our EIN/tax ID and confirm details.
- Instruct your custodian: Ask your IRA provider (Fidelity, Vanguard, etc.) to send a check or wire directly to Bitcoin For The Arts (custodian-to-charity).
- Specify amount: Annual limits apply and the gift must come from eligible IRA funds (Roth IRAs generally don’t benefit in the same way).
- Confirmation: We’ll send a receipt (amount/date). Keep your records for tax time.
Tips for success
- Age rules: QCD eligibility starts at age 70½ (RMD age may differ).
- Traditional IRAs: Often provide the clearest benefit compared to Roth withdrawals.
- Tax advice: QCD rules vary — consult your advisor for guidance.
- Bitcoin conversion: In your note, you can indicate your intent to support our endowment.
Ready to make a sovereign impact?
Email us and we’ll help you initiate a QCD with your IRA custodian.