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Make a Gift From My IRA

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IRA Charitable Rollover

One excellent, tax-advantaged way to support the Catholic Church is through a Charitable IRA Rollover to benefit or establish an endowment at the Catholic Foundation of Northwest Pennsylvania. If you are 70½ years of age or older, the IRA Rollover is a terrific way to lower the income and taxes from your IRA withdrawals while making a meaningful charitable gift.

Flowchart: Donor directs IRA custodian to make an IRA charitable rollover gift to CF NWPA.

Benefits of an IRA charitable rollover

  • Avoid taxes on transfers of up to $105,000 from your IRA to the Foundation.
  • May satisfy your required minimum distribution (RMD) for the year
  • Reduce your taxable income, even if you do not itemize deductions
  • Make a gift that is not subject to the deduction limits on charitable gifts
  • Help further the work and mission of the Foundation and your favorite Catholic ministry

How an IRA charitable rollover gift works

  1. Contact your IRA plan administrator to make a gift from your IRA to us.
  2. Your IRA funds will be directly transferred to the Foundation, and you may designate your gift for a particular endowment, to establish a new endowment, or to provide unrestricted support for our work.
  3. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
  4. Please contact us if you wish for your gift to be used for a specific purpose.

Gifts from your IRA

If you are 70½ or older, you can use your IRA to fulfill your charitable goals. You can use the "Make a Gift From My IRA" tool to contact your IRA custodian and make a qualified charitable distribution. We will acknowledge your generous gifts as a qualified charitable distribution, which may satisfy your RMD, if applicable.

Contact us

If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.

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