Please Consider a QCD gift for Our Parish
You can make a gift from your individual retirement plan (IRA) that benefits you and our parish. A qualified charitable distribution (QCD) allows individuals age 70½ or older to authorize their IRA administrator to make a direct transfer of funds from their IRA to qualified charities, tax-free.
There are three main benefits of giving with a QCD:
If you are 73 years old or older, the amount you transfer can satisfy all or part of your required minimum distribution.
The amount transferred directly to charity does not generate taxable income, which may reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.
Your gift will be immediately used, allowing you to see the impact of your gift now.
If you would like more information on how to make a QCD gift to St. Paul of the Cross Parish, please contact Deacon Greg Vogt, Philanthropy Officer, Archdiocese of Chicago at 312-995-0686 or gvogt@archchicago.org.