If you own an IRA, you can make a tax-free transfer of up to $100,000 to a public charity like Catholic Charities, this year and into the future.
- Donors must be 70½ years old on the date of the gift.
- Your IRA Custodian must transfer your gift directly to Catholic Charities.
- Up to $100,000 per IRA owner may be contributed each year.
- Donors recognize no taxable income on the transfer, and so cannot claim an income tax deduction for the gift.
- The gift can count toward the IRA owner’s required minimum distribution.