Fidelity reports that as part of Secure Act 2.0 Congress now allows an individual to make a one time contribution to a CRUT or similar charitable trust from their IRA. In 2014 the limit is $53000 (adjusted for inflation annually). The transfer is not taxable and counts as an RMD but the charitable trust must pay taxable income to you for life or a specified term (often 20 yr). The effect is to defer taxes on the transfer from this year to years in the future.
“One-time, split-interest election: Section 307 includes a one-time election for a QCD to a split-interest entity. In 2024, this indicates an ability for donors to make a QCD of up to $53,000, up from a limitation of $50,000 in 2023. This QCD can fund one of either a Charitable Remainder Unitrust (CRUT), Charitable Remainder Annuity Trust (CRAT) or Charitable Gift Annuity (CGA).”
https://www.fidelitycharitable.org/articles/secure-act-2-0-retirement-provisions.html
You can spend thousands having an attorney set up a Charitable Remainder Trust for you. Some charities will set one up for you in return for the remainder payments. I was able to find two that would do that for a minimum of $100K. I am told that religious charities (Catholic, Jewish, etc) and universities will often do this.
Anyone know who will do a $50K trust for individuals?