If you are 70½ or older and have an IRA, you are already qualified!
You can use your IRA to earn income while helping Catholic Extension Society!
New legislation has created the opportunity for qualified IRA holders ages 70½ and older to fund a gift annuity, a charitable remainder annuity trust, or a charitable remainder unitrust by making a one-time election for a qualified charitable distribution of up to $53,000 during a single calendar year. Contact us to learn more and see if this option may be right for you.
How a Qualified Charitable Distribution (QCD) Works
You are at least 70½ years old with IRA funds you no longer need
Make a qualified charitable distribution (QCD) from your IRA*
Your QCD goes directly to Catholic Extension Society, supporting a cause you care about
*If you are 73 years old or older, your QCD can count towards your required minimum distribution (RMD)!
Did You Know?
Sample Beneficiary Designation
Legal name: The Catholic Church Extension Society of the United States of America Address: 150 South Wacker Drive, Suite 2000, Chicago, IL 60606 Federal Tax ID number: 36-6000520Discover the Benefits of a Qualified Charitable Distribution (QCD)
Reduce Your Taxable Income
When you take funds from your IRA, they count as taxable income. But if you transfer them directly to Catholic Extension Society, you reduce your taxable income while satisfying your RMD.
Fulfill Your Required Minimum Distribution (RMD)
After you turn 73, you must distribute funds from your IRA. If you do not distribute the required minimum, you may be penalized, but a QCD allows a transfer up to $105,000 per individual or $210,000 per couple to satisfy your RMD.
Help transform hearts and lives
“God has blessed me in many ways, and the Gospel calls me to share those blessings with others while I’m able to now. There is such a clear and present need for what Catholic Extension does for faith communities in this country. With a QCD I can make an immediate impact on their vital work.”
— Robert Iberle, Donor
Find Out if a Qualified Charitable Distribution is Right For You
| I was born before . | Yes | No |
|---|---|---|
| I have a qualified IRA. | Yes | No |
| I want to make a difference today. | Yes | No |
You’re qualified to make this type of gift!
It looks like there are still some requirements that need to be met!
Take Your Next Steps
Step 1
Get started by selecting your IRA custodian and filling out your information below.
This information will be used to pre-fill your distribution form.
STEP 2
Once you have downloaded and completed the rest of your form, please mail the form with the letter below to your IRA custodian. We recommend mailing this by December 1 to ensure you receive your tax deduction for this year.
STEP 3
Please let us know about your generous gift!
We’d like to thank you and ensure your gift goes to the program or department you desire.
I'm here to help
Fran Caan
Manager of Planned Giving
Phone: (800) 842-7804
Email: plannedgiving@catholicextension.org