Legacy Planning: Qualified Charitable Distributions
One way to give back to the community the resources God provided to us is through a QCD (Qualified Charitable Distribution). A QCD gift (a.k.a. IRA charitable rollover) allows individuals age 70½ or older to authorize their IRA administrator to make a direct transfer of funds from their IRA to qualified charities, tax-free.
This way of giving does not generate taxable income, which may lower your annual income level. If you are age 73 or older, the amount you transfer may count towards your required minimum distribution.
If you would like more information on how to make a QCD gift to Our Lady of the Wayside, please contact Patrick Fitzgerald, Our Lady of the Wayside’s Operations Director, at (847) 253-5353 x229 or by email at operations@olwparish.org.
Tags: #archchicago, #legacygiving, #legacyplanning, #olw, #olwparish, #ourladyofthewayside
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