Make a Gift From My IRA
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Thank you for considering an IRA charitable rollover gift to us. The website link will take you to your IRA custodian's website, where you may be able to make a gift to your fund at Catholic Community Foundation of Minnesota. Another option is to use the phone number to call your IRA custodian. They will assist you in making an IRA charitable rollover gift. If you would like to notify us of your generous IRA charitable rollover, please check the box above next to the "Notify us of your IRA charitable rollover" and complete the form. Please note this is a time-sensitive transaction. If the IRA charitable rollover is intended to satisfy your required minimum distribution for the current year, verify with your custodian that this transaction will be completed prior to December 31. If the transaction is not completed prior to December 31, you may be subject to penalties if you have not satisfied your required minimum distribution. |
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| Thank you for considering a IRA gift to us. A sample letter is available to send to your DAF provider. You may save and print the PDF of your letter. If you have email contact information for your DAF provider, you may send a PDF copy of your DAF letter or you may copy and paste the text into an email. You will need to enter the amount of your recommended grant and your DAF account number on the letter before mailing. If you would like to notify us of your generous IRA charitable rollover, please check the box above next to the "Notify us of your IRA charitable rollover" and complete the form. | ||||||
IRA Charitable Rollover
Since 2006 the IRS has allowed donors to use IRA distributions to make charitable gifts and receive tax benefits. The Qualified Charitable Distributions, QCDs, are only available for charitable rollovers from IRAs.
A QCD allows individuals who are 70½ years old or older to donate up to $105,000 total to one or more charities directly from a taxable IRA.
Benefits of a QCD
- Avoid taxes on transfers of up to $108,000 from your IRA to our organization
- 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 support the missions and ministries most important to you
How a QCD Works
- Contact your IRA plan administrator to make a gift from your IRA through us.
- Your IRA funds will be directly transferred to your CCF fund to support the causes you've designated in your fund agreement.
- Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
Gifts from Your IRA
You can use the "Make a Gift From My IRA" tool to contact your IRA custodian and make a qualified charitable distribution. We will acknowledge your generous gifts as a qualified charitable distribution, which may satisfy your RMD, if applicable. At this time, a distribution from your IRA to your donor advised fund is not an acceptable QCD.
Contact Us
If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.
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