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Planned Giving
Your IRA QCD Can Make a Difference for People in Need

April 15 has come and gone, but you can make an IRA Qualified Charitable Distribution (QCD) at any time during the course of 2024 and feel good about making a difference in the lives of people in need, especially those cared for by the Franciscan friars.

Chances are, you’re among the 95% of Americans who can’t take advantage of a charitable gift deduction because you don’t itemize and take the higher standard deduction. But QCDs are particularly beneficial if you are an IRA owner who takes

Required Minimum Distribution (RMD), but doesn’t itemize deductions, because making an IRA QCD lowers your taxable income and provides tax savings.   

IRA QCDs can be made at any time during the tax year. The IRA QCD allows IRA owners age 70.5 or older to transfer as much as $100,000, tax-free, each year to Franciscan Friars Charities. For those who are at least 73 years old, QCDs count toward the IRA owner’s RMD for the year in which their QCD is made. Contact your IRA administrator to make an IRA QCD to the Franciscans for the 2024 tax year.

Planned giving earmarked for the Franciscans would help the friars continue well into the future their care for the poor and marginalized – service in your name and with your blessing! It would be your legacy – ensuring that the hungry and homeless are fed, and that the more than 2 million children, women and men who come to the collective Franciscan doorstep coast-to-coast in the U.S., and in Puerto Rico, Cuba and the missions in Jamaica, Africa and Peru, are provided with food, clothing, medical care, and other basic life necessities at soup kitchens, food pantries, outreach programs, health clinics and migrant centers.

To learn more about how you can help the Franciscan Friars help the poor and neglected, care for elderly friars, and educate young friars with your legacy gift, contact Brian Smail, OFM, via email at bsmail@friars.us or by calling 646-473-0265, ext. 303.

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