If you are 73 or older, you can make a tax-free distribution from your traditional or Roth IRA to Holy Cross Parish. It's an efficient way of keeping our parish vibrant, educating our children, and spreading the Word of God.
You can donate up to $100,000 each year without incurring income tax on your withdrawal.
Here's the process:
To ensure that your gift is properly processed and that you are listed as the donor of record, please have all checks directed to the address below. It is very important that you also contact us at (712) 277-2949 or [email protected] to let us know to expect your gift.
If you are still working and contributing to a retirement account, this gift could impact your taxable income. Please consult a qualified advisor before making a gift. If you’re under the age of 73, you can use your IRA to support Holy Cross Parish's ministry by making a withdrawal and donating the proceeds after taxes OR by designating Holy Cross Parish as a beneficiary of your retirement plan. For more information, please contact the parish office at 712-277-2949.
To ensure that your gift is properly processed and that you are listed as the donor of record, please have all checks directed to the address below. It is very important that you also contact us at (712) 277-2949 or [email protected] to let us know to expect your gift.
If you are still working and contributing to a retirement account, this gift could impact your taxable income. Please consult a qualified advisor before making a gift. If you’re under the age of 73, you can use your IRA to support Holy Cross Parish's ministry by making a withdrawal and donating the proceeds after taxes OR by designating Holy Cross Parish as a beneficiary of your retirement plan. For more information, please contact the parish office at 712-277-2949.
A gift through your IRA may be for you if:
To ensure that your gift is properly processed and that you are listed as the donor of record, please have all checks directed to the address below. It is very important that you also contact us at (712) 277-2949 or [email protected] to let us know to expect your gift.
If you are still working and contributing to a retirement account, this gift could impact your taxable income. Please consult a qualified advisor before making a gift. If you’re under the age of 73, you can use your IRA to support Holy Cross Parish's ministry by making a withdrawal and donating the proceeds after taxes OR by designating Holy Cross Parish as a beneficiary of your retirement plan. For more information, please contact the parish office at 712-277-2949.
Example: You are 75 years old and your adjusted gross income will total $200,000 this year. You direct a $100,000 payment from your IRA to us.
| Donor | Individual, age 75 |
| Withdrawal from IRA | $100,000 |
| Contribution | $100,000 |
| Income tax on withdrawal | $0 |
| The charitable deduction for withdrawal | $0 |
Please note that Holy Cross Parish cannot render tax or legal advice and we urge you to consult with your professional advisor about your situation before making a charitable gift.
To ensure that your gift is properly processed and that you are listed as the donor of record, please have all checks directed to the address below. It is very important that you also contact us at (712) 277-2949 or [email protected] to let us know to expect your gift.
If you are still working and contributing to a retirement account, this gift could impact your taxable income. Please consult a qualified advisor before making a gift. If you’re under the age of 73, you can use your IRA to support Holy Cross Parish's ministry by making a withdrawal and donating the proceeds after taxes OR by designating Holy Cross Parish as a beneficiary of your retirement plan. For more information, please contact the parish office at 712-277-2949.