IRA Rollover
Are you close to reaching 70 1/2 or older? Did you know there’s a way to reduce income and taxes from your IRA withdrawals? A charitable IRA rollover is a great way to mutually benefit you and our parish!
Benefits:
Avoid Taxes
Limit taxes on donations of up to $105,000 from your IRA to St. Max
Distribution Aid
May fulfill your mandatory minimum distribution (RMD) obligation for the current year
Reduce Taxable Income
Lower your taxable income, regardless of whether you itemize deductions or not
Ease Deduction Limits
Give a donation that is exempt from the limits on deductible charitable contributions
Aid St. Max
Aid our mission at St. Max to serve the local community
Important Note: To qualify, the distribution must be made directly from your IRA to St. Max. If the distribution is paid to you first and then donated, it will be taxed as ordinary income. When done correctly, the amount donated will not be included in your taxable income. For more information, please contact your financial advisor or a tax professional.
Customize Your Gift
Contact us to designate where every penny is donated. If you wish to apply your contribution to a specific project, fund, or initiative, we would be happy to put your donation to work as you intend it to.