IRA Gifting Opportunities
If you’re 70½ or older, here’s a wise move for smart Catholics.
Are you 70 ½ or older? Are you Catholic and own an IRA?
Here is a way to receive tax benefits while helping to pass your faith on to the next generation; or help children who want a Catholic education . . . HAVE a Catholic education; or support seminarians today, so that we will have great priests tomorrow.
You will need to withdraw from your IRA this year, but you don’t have to pay a tax on top of it. Consider a donation to a qualified charity like the Catholic Foundation for the Diocese of Saint Cloud. The Foundation is a separate, stand-alone corporation that supports all things Catholic through grant-making, sponsorships, and assistance for those who desire to leave a legacy of life-long stewardship.
You can give up to $100,000 from your IRA directly to the Catholic Foundation without itemizing your deductions. Simply designate your IRA Rollover to any of our funds that are not donor advised. We can help align your giving with Catholic Foundation funds that mirror your values of formation advancement and pro-life initiatives. With your faith-focused, planned giving strategy, you can make additional gifts for years to come.