Qualified Charitable Distribution
by Lindsi Bachman, Director of Developmen
As we were processing year-end gifts, I was thrilled to see that so many people had chosen Catholic Charities Wichita as a beneficiary of their qualified charitable distribution from their individual retirement accounts.
A qualified charitable distribution (QCD) through one’s individual retirement account (IRA) is a beneficial way for those who are 70-and-one-half years or older to give to Catholic Charities.
Lindsi Bachman, Director of Development
What is an IRA QCD?
An IRA QCD is a distribution from your individual retirement account to a qualified charity, such as Catholic Charities. You must be at least 70-and-one-half years or older to make such a distribution. There are a few added bonuses for giving in this way:
- You are normally required to pay taxes on distributions you receive through your IRA, whereas, these distributions are tax-free if given to an eligible charitable organization, such as, Catholic Charities.
- For those over the age of 72, QCDs count toward one’s required minimum distributions for the respective year.
How do I make a qualified charitable distribution from my IRA for 2023
- To make a QCD for 2023, consult your tax advisor and contact your IRA custodian. Together, they will work with you to determine what distribution is best for you, and how to complete the transaction.
If this is an option for you, we hope you will consider designating your charitable distribution to the Faithful Servant Fund at Catholic Charities. The Faithful Servant Fund allows us the greatest flexibility to meet the most urgent needs within our ministries and the community in the priority areas of hunger & homelessness, domestic violence and enrichment services. You also can specify that your dollars go toward a specific Catholic Charities’ ministry. Either way your gift will go far in helping us serve the most vulnerable in our community.
If you would like to discuss how Catholic Charities can work with you to help meet your philanthropic goals for the year, please contact me, Lindsi Bachman, at 316-264-8344, ext. 1222.
Learn more about giving opportunities
Contact Us
We would like to hear from you! Call 316-264-8344 or Email us:
Services
Counseling And Immigration
Disabled Adults And Seniors
Hunger
Domestic Violence
St. Joseph Pastoral Center
437 North Topeka st.
Wichita. KS 67202-2431
(316) 264-8344
Catholic Charities, Diocese of Wichita is a 501(c)(3). All gifts are tax-deductible.
Need donation support?
316-264-8344 ext. 1262
giving@CatholicCharitiesWichita.org
Wichita Diocese
The Wichita Diocese covers 20,021 square miles and includes 25 counties in the southeast corner of the state. It is home to over 114,000 Catholics in 90 parishes.
Wichita Diocese
The Wichita Diocese covers 20,021 square miles and includes 25 counties in the southeast corner of the state. It is home to over 114,000 Catholics in 90 parishes.