The IRA Gift (QCD)

Here is a tax-smart way to make an impact to Sacred Heart Southern Missions using your traditional or Roth IRA. The IRA charitable rollover (also called the Qualified Charitable Distribution, or QCD) is a great way to make a tax-free gift to Sacred Heart Southern Missions and satisfy your Required Minimum Distribution (RMD). If you are not required to take an RMD but no longer itemize your deductions, then a QCD may be right for you as well.

How Do I Qualify?

The IRA charitable rollover (QCD) offers multiple benefits for making gifts from your traditional or Roth IRA.

• You must be 70 1/2 years or older at the time of the gift.
• Gifts must go directly from your IRA to Sacred Heart Southern Missions.
• Gifts must come from a traditional IRA or Roth IRA account.
• Gifts cannot exceed $100,000 per donor per year.

Benefits of an IRA Charitable Rollover Gift

• If you don’t itemize deductions and are not yet required to take your RMD, a QCD offers all of the benefits of an itemized income tax charitable deduction.
• If you are age 72 or older and must take your RMD, a QCD can satisfy your RMD without increasing your income taxes.
• You may direct your gift to a program or area of your choice.
• It is a wonderful way to create an immediate impact on Sacred Heart Southern Missions.

How can I make an IRA Charitable Rollover?

Contact your IRA administrator for their QCD distribution form and information on the procedure to make such a gift. If we can be any assistance contact Steve Koepke at 888.217.4829 or via email at skoepke@shsm.org. We are truly grateful for your consideration, thank you!