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Required Minimum Distribution

Charitable Giving Opportunities that also help you. benefit you.

Age 70 ½ (72*) or older?

Instruct your IRA custodian to turn your Required Minimum Distribution into a Qualified Charitable Distribution before year end.

Appreciated stock and capital gains tax?

Avoid capital gains with a charitable gift to your parish or diocese today.


*The Secure Act increased the Required Minimum Distribution (RMD) age from 70 ½ to 72 starting January 1, 2020, for anyone born on or after July 1, 1949.  This is the first change to the RMD age since first becoming law in 1986.

In those cases, individuals must take a Required Minimum Distribution (RMD) from their IRA and 401k retirement accounts or face stiff penalties from the government. 

Almost all of these folks also receive Social Security as well. The hidden fact is that all your RMD is considered "ordinary income" and therefore impacts the tax rate that is applied to your Social Security benefits...the higher your RMD, the higher your Social Security benefit becomes taxable income (up to 85% taxable at whatever your tax rate would be). Even donating money you directly receive from your RMD that you then send to a charity still counts as "ordinary income."

Since most seniors don't have regular salaries, even taking charitable deductions (where you write the check to the charity yourself) will not significantly impact your tax rate.  Having your RMD check sent directly to the charity eliminates these amounts as income, lowering your total "ordinary income" level and reducing the rate the government can assess on your Social Security benefit.

Simply direct your financial advisor or IRA/401k administrator to issue the amount you want to withdraw directly to the charity of your choice.

The charity gets the check and you get the benefit of lowering your taxable income level. A number of your fellow parishioners already make this type of donation to our St Clare of Assisi Loan Repayment or Ordinary Income collections now. 

How to send your RMD to St. Clare Parish:
(for ordinary collections that go through the parish account)

Be sure that your tax advisor uses our legal name and our Tax ID Number:

Our Legal Corporation name is: 
St Clare of Assisi Roman Catholic Parish Surprise

Our Parish Tax Payer ID Number: 35-2350848

Consult your financial advisor or retirement plan administrator to determine how you can take advantage of this "hidden benefit" yourself. 

How to send your RMD to our NEW Capital Campaign:
"Together Campaign" (goes through the Diocese campaign office)

If you would like to donate to the 2019 Combined Parish and Diocesan Campaign known as Building the Future Together /Together Let Us Go Forth/ Juntos Sigamos Adelante, 

Make Check payable to:

Diocese of Phoenix/Together Let Us Go Forth
The Roman Catholic Diocese of Phoenix
400 East Monroe Street
Phoenix, Arizona 85004-2336

Be sure to put the name of your family & name of our parish (St Clare of Assisi) for Diocesan record keeping (instead of directing the donation to St Clare Parish, otherwise, the parish would have to write a check back to Diocese of Phoenix and send the tax donation letter to the family making the gift.

To ensure that your gift is recorded properly, please use the Diocesan ID and list our parish name on memo of the check.  

Roman Catholic Diocese of Phoenix Tax Payer ID Number: 86-0223974

Our Parish Name in the memo: St. Clare of Assisi Parish, Surprise

Go back to Campaign page: Building the Future TOGETHER

IRA Charitable Rollovers

Find out more about these as well as calculators and tools by going to the Catholic Community Foundation website IRA page

Go back to Giving page here 




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