Please consider making a qualified charitable distribution (QCD) gift to our parish, as a reflection of His love for us all. We love because He first loved us. (1 John 4:19)
Making a gift from your IRA can have benefits for you and for our parish. An IRA charitable rollover, also know as a QCD, allows individuals age 70-1/2 or older to authorize their IRA administrator to make a direct transfer of funds from their IRA to qualified charities, tax-free.
There are three main benefits of giving with a QCD:
1) If you are 72 years old or older, the amount you transfer can satisfy all or part of your required minimum distribution.
2) The amount transferred directly to charity does not generate taxable income, which may reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
3) Your gift will be immediately used, allowing you to see the impact of your gift now.
If you would like more information on making a QCD gift, please contact i [email protected].