Financial Giving

If you are age 70½ or older, you may be eligible to make a qualified charitable distribution, or QCD, directly from your IRA to the Northwest Mississippi Community College Foundation.

A QCD may:

• Be excluded from your federal taxable income
• Count toward your required minimum distribution, if applicable
• Provide a tax-efficient way to support Northwest—even if you do not itemize deductions

For 2026, eligible individuals may make QCDs of up to $111,000 annually. Married couples may each qualify for the individual limit if both spouses meet the requirements and make distributions from their respective IRAs.

To qualify, the distribution must be made payable directly from your IRA to the Northwest Foundation. A QCD is not also eligible for a charitable income-tax deduction because the distributed amount is generally excluded from taxable income.

Donating appreciated assets—such as stocks, bonds, mutual fund shares, or certain real estate—may allow you to make a greater impact while receiving potential tax advantages.

When appreciated assets are donated directly rather than sold, you may avoid recognizing capital-gains tax on the appreciation. If the gift meets applicable requirements, you may also qualify for a charitable income-tax deduction based on the asset’s fair market value. Deduction amounts and limitations depend on several factors, including the type of asset, how long you have owned it, and your individual tax situation.

Before selling an appreciated asset that you intend to use for a charitable gift, contact the Northwest Foundation so the asset can be transferred directly.

The Northwest Foundation would be pleased to work with you and your financial, tax, or legal advisor to help facilitate your gift. Please contact the Foundation Office before initiating a QCD or transferring appreciated assets to ensure that your contribution is properly directed and acknowledged.

This information is provided for educational purposes only and should not be considered legal, tax, or financial advice. Tax laws and annual limits are subject to change. Donors should consult their tax, legal, or financial advisors to determine how these giving strategies may apply to their individual circumstances.