Gifts of Retirement Assets
Donating part or all of your unused retirement assets, such as your IRA, 401(k), 403(b), pension or other tax-deferred plan, is an excellent way to make a gift to The Catholic Foundation.
If you are like most people, you probably will not use all of your retirement assets during your lifetime. You can make a gift of your unused retirement assets to help further our mission.
Benefits of gifts of retirement assets
- Avoid potential estate tax on retirement assets
- Your heirs would avoid income tax on any retirement assets funded on a pre-tax basis
- Receive potential estate tax savings from an estate tax deduction
Gifts of retirement assets video
How to make a gift of retirement assets
To leave your retirement assets to The Catholic Foundation, you will need to complete a beneficiary designation form provided by your retirement plan custodian. If you designate The Catholic Foundation as beneficiary, we will benefit from the full value of your gift because your IRA assets will not be taxed at your death. Your estate will benefit from an estate tax charitable deduction for the gift.
Make an IRA Charitable Rollover Gift Today
If you are age 70½ or older, you can make a tax-free gift directly from your IRA to The Catholic Foundation. Known as a Qualified Charitable Distribution (QCD), this special giving option allows you to support the Church while reducing your taxable income.
Your gift will make an immediate impact—strengthening our faith, supporting Catholic education, caring for those in need, and ensuring a lasting legacy of generosity.
Click on our brochure below to get started, talk to your IRA administrator, or contact us directly—we're here to help every step of the way.
More on gifts of retirement assets
Did you know that 60%-70% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis, such as real estate and stock, and give the retirement assets to The Catholic Foundation. As a nonprofit, we are not taxed upon receiving an IRA or other retirement plan assets.
Contact us
If you have any questions about gifts of retirement assets, please contact us. We would be happy to assist you and answer any questions that you have.
Please let us know if you have already included The Catholic Foundation as a beneficiary of your retirement assets. We would like to thank you and recognize you for your gift.
