Congress and President Obama have reauthorized and made permanent the IRA charitable rollover.
If you are 70 1/2 or older, you can make a charitable gift up to $100,000 directly from your IRA to any approved nonprofit organization including all Archdiocesan parishes, schools, Our Faith STO, Catholic Charities, the Catholic Foundation or any other archdiocesan ministry.
Your gift will qualify for your required minimum distribution and you will not have to pay federal income tax on the amount given directly from your IRA to charity, while still qualifying for the 65% State of Iowa tax credit.
Please consider a gift to your parish, Catholic school, Our Faith STO, the Catholic Foundation, or any other archdiocesan ministry.
For more information please contact your IRA administrator or tax
advisor. You may also call Jeff Henderson or Jeff Schneider at the Archdiocese of Dubuque, 563-556-2580.