Don’t forget to do this by December 1st
If you have an individual retirement account and you are age 73 or older, you probably know that you must take your required minimum distribution (RMD) before the year ends.
However, did you know that you can fulfill all or part of your RMD and reduce your taxable income by transferring funds directly from your IRA to your parish or the Archdiocese of Chicago?
Be sure to request the transfer before December 1st to give your IRA custodian enough time to complete your charitable distribution before the year ends. The timing is important. Don’t wait until it’s too late to benefit from reduced taxes. Learn more at archchicago.org/qcd.
If you would like more information on how to make a QCD gift to Old St. Mary’s, please contact Krystina M. Campbell, Planned Giving Officer, Archdiocese of Chicago at 312.534.5404 or [email protected].
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A Tax-Savvy Way to Support Old St. Mary’s Parish
When you donate appreciated securities or mutual funds to our parish, you can reduce or even eliminate federal capital gains taxes on the transfer. You may also be entitled to a federal income tax charitable deduction based on the fair market value of the
securities at the time of the transfer. For more information about donating stock or securities, please contact your financial advisor.
To make a stock donation to Old St. Mary’s Parish, please visit archchicago.org/stockgiftform and complete the electronic
Letter of Intention form. Once you have submitted the form, you will receive a confirmation email with detailed instructions for you to complete your gift. If you have any questions, please contact Karen Whitehead, Archdiocese of Chicago at 312.534.7461 or [email protected].