IRA Gifts: A Tax-Wise Way to Support the Franciscans

IRA Gifts: A Tax-Wise Way to Support the Franciscans

2 friars and 2 parishioners

Friars Jeremy Harrington and Phil Wilhelm serve in the Detroit area.

Supporting the Franciscans

There are many benefits of making IRA gifts to the Franciscans. With an IRA gift, you can:

• Transfer up to $100,000 tax-free, so 100% of your gift can be used to help those in need.
• Satisfy your required minimum distribution (RMD) if you are 72 years or older.
• 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.
• Further the work of our friars and ministries in sharing the Franciscan spirit.

To make an IRA gift (also known as an IRA Qualified Charitable Distribution):

1. Contact your IRA plan administrator to request a gift be made to the Franciscans.
2. Your plan administrator will make a direct transfer to the Province of St. John the Baptist.
3. Please note that IRA gifts do not qualify for a charitable deduction.
4. Please contact us to let us know of your gift and if you have a specific purpose in mind.

CLICK HERE to download a sample letter you can send to your IRA plan administrator.

If you'd like more information, contact Friar Works Co-Director Colleen Cushard at:

Posted in: Estate Planning