IRA Charitable Distribution

You may be looking for a way to make a big difference to help further the mission of your favorite Catholic parish, school or ministry. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover - qualified charitable distribution is a way you can help continue our work and benefit this year.

Benefits of an IRA charitable distribution

• Avoid taxes on transfers of up to $111,000 from your IRA to the Foundation
• May satisfy your required minimum distribution (RMD) for the year
• Reduce your taxable income, even if you do not itemize deductions
• Make a gift that is not subject to the deduction limits on charitable gifts
• Help further the work and mission of your favorite Catholic organization

How an IRA charitable distribution gift works

1. Contact your IRA plan administrator to make a gift from your IRA to the Roman Catholic Foundation to benefit a specific Catholic parish, school, or ministry.
2. Your IRA funds will be directly transferred to the Foundation to help continue the important work of a Catholic ministry of your choosing.
3. Please note that IRA charitable distribution gifts do not qualify for a charitable deduction.
4. Please contact us if you wish for your gift to be used for a specific purpose.

Contact us

If you have any questions about an IRA charitable distribution gift, please contact us. We would be happy to assist you and answer any questions you might have.

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