Charitable Gift from IRA

TURN YOUR IRA INTO A GIFT FOR GOOD

Thanks to the PATH Act, you can now transfer up to $108,000 from your IRA directly to your favorite charity—completely tax-free!


Read below for more info:

  • Who is eligible to make a charitable gift directly from their IRA?

    Individuals who are 70½ years of age or older can transfer up to $108,000 of IRA assets each year directly to a qualified charity.

  • How much can I give from my IRA without it being counted as taxable income?

    You can give up to $108,000 per year directly from your IRA to a charity, and that amount is not included in your taxable income.

  • Can my spouse also make a charitable gift from their IRA?

    Yes! If your spouse has a separate IRA, they can also give up to $108,000. Together, a married couple can donate up to $216,000 in a single year.

  • Does a qualified charitable distribution (QCD) count toward my required minimum distribution (RMD)?

    Yes. For individuals 70½ or older, a qualified charitable distribution can satisfy all or part of your required minimum distribution (RMD).

  • How is giving directly from my IRA better than taking a distribution and donating the proceeds?

    When you make a direct transfer from your IRA to a charity, the amount is excluded from your adjusted gross income. If you take a taxable distribution first and then donate the cash, the distribution increases your taxable income—potentially affecting your tax bracket and eligibility for other deductions or credits.

  • How does donating IRA assets affect my heirs?

    By donating IRA assets to charity, your beneficiaries avoid paying taxes that would otherwise apply if they inherited your IRA funds.

  • What are the long-term benefits of making a charitable gift from my IRA?

    Using IRA funds for charitable giving allows you to create a lasting legacy, provide meaningful support to your favorite non-profits, and enjoy significant tax advantages during your lifetime.

When making a qualified charitable donation from your retirement account, please advise the financial entity where your account is held of the following instructions:


Make check payable to The Catholic Community Foundation of SC and note the name of the fund donating to in the Memo line. Please reference the donor of the qualified charitable donation in the cover letter and mail to:


Catholic Community Foundation of South Carolina
Attention: Jackie Edgerton, Executive Director
901 Orange Grove Road
Charleston, SC 29407