IRA Distribution

Photo credit: Jackie Lee

Did you know that giving through your IRA may help you save on taxes while providing support to L’Arche St. Louis?

Consider these factors when determining whether a Qualified Charitable Distribution (QCD) directly from your IRA to L’Arche St. Louis would be right for you:

  • The IRS allows donors 70½ or older to transfer up to $100,000 directly from their IRA to a charity(ies) each calendar year.
  • QCDs can be used to meet all or part of an IRA required minimum distribution.
  • You pay no income tax on the QCD – the transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your taxes.

As with any gift that may have tax implications, check with your tax and/or financial advisor to evaluate whether a QCD is right for you this year.

If you will be making a QCD to benefit L’Arche St. Louis, be sure to notify us about your plans. Advance notice will help ensure your gift is properly credited and acknowledged.

If you have any questions about utilizing Qualified Charitable Distributions, please contact us at 314-405-8025 or madelineseefeldt@larchestlouis.org.