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Gifts from Retirement Plans During Life

Gifts from Retirement Plans During Life Diagram

How It Works

  1. You take a distribution from your qualified retirement plan or IRA that is includable in your gross income
  2. You make a gift of the distribution or of other assets equal in value to the distribution
  3. You receive an offsetting charitable deduction
  4. If you are 70½ or older, read ahead about the IRA rollover opportunity available to you

Benefits

  • You may draw on perhaps your largest source of assets, with no adverse tax consequences, to support the programs that are important to you at Catholic Charities
  • The distribution offsets your minimum required distribution
  • If you use appreciated securities instead of cash from your distribution to make your gift, you'll avoid the capital-gain tax on the appreciation

More Information

Contact Us

Emily Chau
Director of Planned Giving & Fundraising Systems Analytics
646-794-2018
Emily.Chau@catholiccharitiesny.org

 

Catholic Charities of the Archdiocese of New York
1011 First Avenue
11th Floor
New York, NY 10022
Federal Tax ID Number: 13-5562184

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