Donating From IRA

One way to give to St. Bartholomew is to make a qualified charitable distribution (QCD) from your IRA.
If you are 70 ½ or older and are taking required minimum distributions (RMD) from your traditional or Roth IRA, then you can directly make a gift through an IRA-QCD. Contact your plan custodian to complete the IRA transfer and direct the distribution via check to St. Bartholomew Church. If you take the standard deduction on your taxes, the QCD can be a deduction to your reported income which will result in additional tax savings. Even if you itemize your deductions, a reduction in reported income might have tax savings benefits. Please consult your tax advisor how best to implement this strategy for you.

One possibility is to make a list of major donations that you would like to make from your IRA account at the beginning of each year and provide that list to your financial advisor/IRA custodian.  Then you can receive checks made out to St. Bartholomew Church (and other charities) over the course of the year. Alternatively, to avoid the use of checks, your broken can transfer designated funds directly to St. Bart's. This reduces your reported income at tax time.

Some people even have IRA checkbooks provided by their custodian from which they can directly write checks to their church (or other charity).

And, as always, we ask you that you call the rectory (301-229-7933) of email [email protected] to notify us of your actions and where you would like to designate your gift.