Qualified Charitable Distribution

A Qualified Charitable Distribution (QCD) is an opportunity to use your IRA to make an impact in a ministry you love and, at the same time, reap significant tax benefits. Please complete this form for IRA gifts. For assistance, please contact Jayne Clarke at 405-242-4511 or [email protected].

If you are 70½ years or older, you can make a QCD from your IRA to your parish, school or other church ministry without paying federal income tax.

If you are 73 years or older, the funds transferred will count toward your annual RMDs. Transferred funds do not qualify for a charitable deduction but still benefit you as they are not counted as taxable income.

Your disbursement must come directly from the administrator of your IRA and be sent directly to the charitable organization. You cannot receive the funds first.

Please contact the administrator of your IRA with any tax or account-specific questions.