Did you know you can support the mission of the Church and reduce your taxes at the same time? If you are age 70½ or older, you can make a charitable gift directly from your IRA to a qualified charity—such as your parish, Catholic school, the Bishop’s Appeal, diocesan ministries, or the Catholic Foundation—without paying federal income tax on the amount given.
This gift, called a Qualified Charitable Distribution (QCD), is a simple and powerful way to live your faith and make an impact.
Why Consider an IRA Charitable Rollover?
- Tax Savings: Your gift is excluded from taxable income, even if you don’t itemize deductions.
- Satisfy Your RMD: If you are 73 or older, your QCD counts toward your Required Minimum Distribution (RMD).
- Support What Matters Most: Direct your gift to Catholic ministries and programs that bring Christ’s love to others.
What’s New for 2025?
- Annual Limit: You can give up to $108,000 per person in 2025 through QCDs (indexed for inflation).
- Eligibility: You must be age 70½ or older at the time of the gift.
- Qualified Accounts: Gifts must come from an IRA (not a 401(k) or another plan).
- Direct Transfer: The funds must go directly from your IRA to the charity, and not to you first.
- Deadline: Make your gift by December 31, 2025, to count for this tax year.
Please note: QCDs cannot be made to donor-advised funds or private foundations, and you cannot receive anything in return for your gift.
A Story of Generosity
Recently, a family sent one IRA distribution to the Catholic Foundation with instructions to share it among their parish, the Bishop’s Appeal, and their Catholic school. With one simple step, they supported multiple ministries and lived out their stewardship in a meaningful way. Your gift can do the same.
How to Get Started
- Contact your IRA administrator, and request a Qualified Charitable Distribution to the Catholic Foundation or your chosen Catholic parish, school, ministry, or organization.
- Speak with your financial advisor or tax professional for guidance.
- Let us know about your gift, so we can thank you for your generosity.
Your generosity strengthens our Church and brings hope to countless lives. Please consider making your IRA charitable rollover gift today. Together, we can share Christ’s love and build a brighter future.
For more information, contact the Catholic Foundation at 920-272-8197 or email [email protected].