Individual Retirement Accounts (IRAs)
A Qualified Charitable Distribution (QCD) is a payment you make directly from your IRA to support a 501(c)(3) charity such as SOAR!
If you are over 70½, you can use a Qualified Charitable Distribution to give up to $105,000 per year from your IRA directly to charitable organizations without that amount counting toward your taxable income. If you have an IRA and are 73 or older, you need to start taking a required minimum distribution (RMD).
Contact your IRA administrator if you would like to direct a portion of your QCD or IRA to SOAR! Our legal title is Support Our Aging Religious, Inc. and our tax ID number is 52-1485481. Please speak with a tax professional for advice specific to your situation.
Blog
Sister Barbara Piller, OSF
Sister Barbara Piller, OSF, a member of the Sisters of the Third Order of St. Francis in Oldenburg, IN, shares her story here. I grew up in Cincinnati, Ohio. My siblings and I are all…
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Sister Kathryn Walsh, OP
SOAR! recently had the opportunity to talk with Sister Kathryn Walsh, OP, a member of the Dominican Sisters of Amityville, New York. Her congregation received a grant to purchase automatic doors. Getting through doorways if…
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