Gifts from Retirement Accounts

There are several advantageous ways to give from retirement accounts:

Required Minimum Distributions (RMD)

If you are over age 72 and are required to distribute funds from your retirement plan, you can satisfy your annual RMD and avoid paying income tax on the distribution by giving directly to Sisters of Mary World Villages for Children.

Qualified Charitable Distribution (QCD)

If you are over age 70 ½, you can distribute up to $111,000 per year from your IRA directly to Sisters of Mary World Villages for Children without paying income tax. This counts toward your annual RMD fulfillment.

Beneficiary Designation

At any age, you can designate Sisters of Mary World Villages for Children as a beneficiary of your retirement accounts. Traditional retirement accounts make for great assets to transfer to tax-exempt charities because heirs have to pay income taxes on distributions!

Learn more about beneficiary designations and becoming a member of our Father Al Legacy Society here.