Be generous AND smart!

Internal Revenue Service

The Qualified Charitable Distribution rules have been made permanent.  This allows you to make annual direct transfers of up to $100,000 directly from your IRA to a qualified charity, like St. Margaret’s.

In order to qualify for this bypass, you must be 70½ or older.

Transferring an IRA distribution directly to a charity allows you to avoid taxes and the charitable contribution satisfies the required minimum distribution.  By redirecting your distribution directly to a charity, it is not considered income nor a charitable deduction; it “bypasses” your tax return.

Speak with your investment advisor if you have questions.