The IRA Gift (QCD)

Your IRA can provide a tax-smart way to make an impact with Salesian Missions now. The Qualified Charitable Distribution or QCD (sometimes called an “IRA Charitable Rollover”) is a great way to make a tax-free gift now to Salesian Missions and satisfy your Required Minimum Distribution (RMD), too.

How Do I Qualify?

The Qualified Charitable Distribution (QCD) offers multiple benefits for making gifts from your IRA.

  • You must be 70½ years or older at the time of the gift.
  • Gifts must go directly from your IRA to Salesian Missions.
  • For 2024, total QCD gifts cannot exceed $105,000 per donor.

Benefits of Qualified Charitable Distribution

  • If you don’t itemize your income tax deductions, a QCD offers all of the benefits of an itemized income tax charitable deduction
  • If you are age 73 or older and must take a Required Minimum Distribution RMD, a QCD gift 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 Salesian Missions.

How Can I Make an IRA Charitable Rollover?

Contact your IRA administrator to request a Qualified Charitable Distribution from your IRA to Salesian Missions.


How Your Gift Helps

Your gifts to Salesian Missions help to provide for the material and spiritual needs of poor and abandoned individuals, especially the young. It will provide Salesian Missions with the resources to…

enable poor and suffering children to live better lives and build brighter futures; rebuild lives and help young people become self-sufficient; aid in emergency relief during natural disasters, traumatic events and civil war.


FAQs about IRA Charitable GivingFAQs about IRA Charitable Giving

Q: Can I still to use my IRA to support Salesian Missions?

A: Yes, there are two ways to do this and both have significant tax advantages.

If you are age 70½ or older, you can direct your IRA administrator to make a “qualified charitable distribution” to Salesian Missions. You will make a meaningful gift to Salesian Missions, pay no income tax on the withdrawal and it will count toward your required minimum distribution.
You can also include gift from your IRA at the time of your death completely avoiding the income tax that your heirs would have paid if you had left your account to them.

Q: How old do I have to be to save money in an IRA?

A: New rules allow you to make contributions to your traditional IRA at any age, as long you are still working.

Q: When do I have to start taking money out of my IRA?

A: The age at which you must begin taking required minimum distributions (RMD) from your IRA has been increased to age 72. You must begin taking your required distributions by April 1 of the year following your 72nd birthday. You will have to pay income tax on these required distributions.

Q: Can I leave my IRA to my spouse or others?

A: Yes, but they will pay income tax when they withdraw the money. And non-spouse beneficiaries will be required to withdraw the money - and pay income tax - within 10 years of your death. (The old law allowed your beneficiaries to postpone the income tax by “stretching” those distributions over their lifetimes)

Q: Are there other changes affecting my charitable giving?

A: Yes. Even if you do not itemize your income tax deductions, a special rule for 2020 only allows you to reduce your taxable income by up to $300 for cash contributions to Salesian Missions. If you do itemize, another special rule allows you to deduct up to 100% of your adjusted gross income for cash contributions made in 2020.