IRA charitable rollover
Make a tax-free gift from your retirement fund.
Fund solutions for people most in need
An IRA charitable rollover or qualified charitable distribution (QCD) is a gift from an individual retirement account (IRA). If you are age 70 ½ or older, you can give up to $100,000 per year directly from your IRA to Catholic Charities Twin Cities – completely tax-free – to advance our mission to provide support and solutions to people who need them most.
A gift will count toward your required minimum distributions (RMD) from your IRA once you are age 72 or older. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
How to make a charitable rollover
A QCD is only available from an IRA – not other types of retirement accounts like a 401(k) or 403(b). For a QCD to count toward an RMD, it must be made by or before the distribution’s deadline. That is typically Dec. 31 of any year, but dates can vary depending on individual circumstances.
If you would like to make a QCD, please contact your IRA administrator to request a direct qualified charitable gift to Catholic Charities Twin Cities, a 501(c)(3) organization. Please notify us of your donation in advance with the name of your IRA administrator and the amount, in case they do not include your name on your distribution.
Your IRA administrator may need the following information:
Federal Tax ID Number: 41-1302487
Address:
Catholic Charities Twin Cities
Attn: Development
1007 E 14th St.
Minneapolis, MN 55404
Your gifts in action
After losing financial support at Arizona State University, Nyaluak was faced with the prospect of returning to a tough environment at home. She found a refuge at Catholic Charities Hope Street, which provides shelter for young people, age 18-24, in South Minneapolis and aims to prevent future homelessness.
There, Nyaluak eventually found a job after participating in a collaborative art project at the shelter.
Contact us
If you have any questions about IRA charitable rollovers, please reach out to our giving team at (612) 204-8374 or giving.info@cctwincities.org. We would be happy to assist you.