Gifts from Retirement Plans During Life

How It Works

1. You take a distribution from your qualified retirement plan or IRA that is includable in your gross income
2. You make a gift of the distribution or of other assets equal in value to the distribution
3. You receive an offsetting charitable deduction
4. If you are 70½ or older, read ahead about the IRA rollover opportunity available to you

Benefits

• You may draw on perhaps your largest source of assets to support the programs that are important to you at Holy Name
• The distribution offsets your minimum required distribution
• If you use appreciated securities instead of cash from your distribution to make your gift, you'll avoid the capital-gain tax on the appreciation