Donating from Your IRA

If an individual has an IRA, at a certain age they must begin drawing a Required Minimum Distribution. Unfortunately, this distribution is taxed as ordinary income and increases tax liability.

However, turning that Required Minimum Distribution into a Qualified Charitable Distribution—by giving it directly to a qualified nonprofit such as St. Vincent de Paul—means one does not have to pay taxes on that charitable amount. So you can feed, clothe and shelter those in great need while reducing your tax burden.

By instructing your IRA account manager to contribute your Required Minimum Distribution directly from your retirement plan to St. Vincent de Paul, the income that would normally be taxable to you now becomes tax exempt, and reduces your adjusted gross income for tax purposes.

IRA holders aged 70½ or older who make a contribution directly from a traditional IRA to a qualified charity can donate up to $100,000 without it being considered a taxable distribution.

Learning More

If you would like to learn more about giving to St. Vincent de Paul with your IRA, please call Michael Vanderburgh, Executive Director, directly at 937.802.3890. 

Or you can complete the form below and we will contact you right away to answer any questions you may have.

St. Vincent de Paul Society has embraced the Dayton community in a network of charity for over 75 years. Our ministries and services are constantly adapting to the changing needs of our community, but one thing that never changes is our dedication to love and service. Thank you for joining us on the front line and being part of our story of love for our brothers and sisters.