Harness the Power of Your IRA

Your IRA is a tool that helps you save for your retirement years. And, when retirement comes, your IRA also provides a smart way to support the organizations you care about most. When you give through your IRA to the Catholic Foundation, you can make an impact on the ministries you desire by restricting your gift, you protect your hard-earned savings from taxes and make a lasting impact on the community you love.


How It Works

If you are 70½ or older, you can transfer any amount up to $100,000 per year directly from your IRA to a qualified charitable organization such as the Catholic Foundation.


The Benefits

Along with making an immediate impact at the Catholic Foundation, your IRA charitable rollover gift (also often referred to as a qualified charitable distribution or QCD) benefits you as well.

  • You pay no income taxes on the gift. The transfer doesn’t generate taxable income or a tax deduction, so you benefit even if you don’t itemize your tax deductions.
  • Beginning in the year you turn 72, you can use your gift to satisfy all or part of your required minimum distribution.


Note: It is important that your gift passes directly from your IRA to the Catholic Foundation. If you withdraw the amount first, your gift will count as income and be taxable.


On Medicare or Social Security?

Making a gift through your IRA may decrease the amount of Social Security that is subject to tax and lower your Medicare premiums.


You can make a bigger impact than you ever imagined—while receiving benefits in return. To learn more about giving through your IRA, contact Amy at (985) 850-3116 or aponson@htdiocese.org.