Don’t need your IRA retirement savings as much as you once thought?

Learn more about how a Qualified Charitable Distribution (QCD) can benefit you.

If you are 70½ or older and have an IRA, you are already qualified!

How a Qualified Charitable Distribution (QCD) Works

You are at least 70½ years old with IRA funds you no longer need

Make a qualified charitable distribution (QCD) from your IRA

Your QCD goes directly to charity, supporting a cause you care about

*If you are 72 years old or older, your QCD can count towards your required minimum distribution (RMD)!

Did You Know?

You can also support our mission for years to come. Simply name the Archdiocese of Chicago as a beneficiary of your IRA account, and the remaining assets (or a portion) of the account will be distributed to help us change lives.

Sample Beneficiary Designation

Legal name: The Catholic Bishop of Chicago
Address:
Office of Stewardship and Development
835 North Rush Street
Chicago, IL 60611
Federal Tax ID number: 36-2170826

Discover the Benefits of a Qualified Charitable Distribution (QCD)

Reduce Your Taxable Income

When you take funds from your IRA, they count as taxable income. But if you transfer them directly to charity, you reduce your taxable income while satisfying your RMD.

Fulfill Your Required Minimum Distribution (RMD)

After you turn 72, you must distribute funds from your IRA. If you do not distribute the required minimum, you may be penalized, but a QCD allows a transfer up to $100,000 per individual or $200,000 per couple to satisfy your RMD.

Transform the World
When you make a qualified charitable distribution from your IRA to the Archdiocese of Chicago, you will help us change the world for future generations.

“An annual distribution from my IRA is a wonderful way to support my parish and the various ministries of the archdiocese. In addition, it is an excellent way to lower my taxable income for the year.”
John S.

Find Out if a Qualified Charitable Distribution is Right For You

I was born before . Yes No
I have a qualified IRA. Yes No
I want to make a difference today to help bring Christ to the world. Yes No

You’re qualified to make this type of gift!

It looks like there are still some requirements that need to be met!

Take Your Next Steps

Step 1

Get started by selecting your IRA custodian and filling out your information below.
This information will be used to pre-fill your distribution form.

STEP 2

Once you have downloaded and completed the rest of your form, please mail the form to your IRA custodian. We recommend mailing this by December 1 to ensure you receive your tax deduction for this year.

STEP 3

Please let us know about your generous gift!
We’d like to thank you and ensure your gift goes to the fund you desire.