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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 an endowment at the Catholic Foundation of Eastern Montana. 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.

IRA Charitable Rollover
IRA (Custodian)
CFEM
Charity image

Benefits of an IRA charitable rollover

  • Avoid taxes on transfers of up to $100,000 from your IRA to the Catholic organization
  • 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 mission of the Foundation and your favorite endowment or 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 our organization, and you may designate your gift for a particular endowment to benefit your parish, the diocese, or a favorite ministry.
  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.

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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