Qualified Charitable Distribution from an IRA
IRA owners age 70½ or over can transfer up to $108,000 to the Sisters without reporting that gift as income. Known as qualified charitable distributions or QCDs, these transfers are an easy way to support the Sisters. And if you’re at least 73 years old, QCDs count toward your required minimum distribution (RMD) for the year.
Normally, distributions from a traditional IRA are taxable when you receive them. But with a QCD, they’re tax-free as long as they’re paid directly from the IRA to an eligible charitable organization like the Sisters of St. Benedict.
QCDs must be made directly to the Sisters by the custodian of your IRA. (Any IRA distribution made directly to you as the IRA owner cannot count as a QCD.) If you’re age 70½ or over when the distribution is made, you can exclude from gross income up to $111,000 per person for 2026 of these QCDs every year. For a married couple who are both age 70½ or over and have IRAs, each spouse can exclude up to $111,000 for a total of up to $222,000.
And remember, you can always make the Sisters a beneficiary of your IRA, so that any balance remaining when you pass goes to support our work and ministries. For other charitable gift opportunities, visit our Planned Giving or Legacy Giving page.