The following story originally appeared in Cobb Community Foundation’s 2025 Impact Report.
Bill and Ginger Dallas have been giving through their donor advised fund at Cobb Community Foundation for more than ten years. Along the way, they’ve supported their church, helped build Gracepoint School, created scholarships at Kennesaw State University and Marietta Country Club, contributed to Match Magic nonprofits, helped fund the campaign’s match pool, and so much more. Giving is simply part of how they show up for their community.
In 2025, Bill turned 73 and was required to begin taking distributions from his IRA.
“I didn’t want a tax bill just for moving money,” Bill says.
Because CCF had already talked with Bill and Ginger about Qualified Charitable Distributions, he knew there was a better option.
In 2026, Bill is using his entire required distribution to support the causes he cares about — without increasing his taxable income. One check from his IRA flows through his new CCF Pass-Through Designated Fund to support scholarships, fulfill charitable commitments, maintain the Dallases’ Catalyst Society membership, and help fund the 2026 Match Magic match pool.
“My advisor cuts one check, and CCF handles the rest,” Bill says. “They made it easy. We’ll do this every year.”
Best-Kept Giving Secret:
IRA Qualified Charitable Distributions
Qualified Charitable Distribution (QCD) is a smart option for people who are already giving to charity, don’t need extra income, and are required to take IRA distributions. Instead of taking your required minimum distribution (RMD), paying income tax on it, and then donating what’s left, a QCD sends the money directly from your IRA to charity. That amount never shows up as taxable income, which can mean lower overall taxes, reduced Medicare premiums, and less tax on Social Security. In short, you give the same amount to charity—but keep more for yourself by avoiding avoidable taxes. Contact us at (770) 859-2366 or CCFTeam@cobbfoundation.org to learn more.
