Giving through Your IRA

Reduce Your Taxes While Increasing Your Impact

If you are 72 or older, you (and/or your spouse) can donate up to $100,000 per year directly from your Individual Retirement Account to Holy Family and receive the equivalent of a 100% income tax charitable contribution deduction.

An IRA Charitable Rollover allows you to:

  • Make a gift directly from your IRA to Holy Family.

  • Satisfy part or all of your annual required minimum distribution (RMD) from your IRA, and exclude part or all of that distribution from your Federal taxable gross income.

  • Enrich those who turn to Holy Family for spiritual nourishment by renewing or increasing your support through your IRA Charitable Rollover.

For your gift to qualify:

  • You must be 72 years of age or older at the time of your gift.

  • The transfer must be made from your IRA directly to Holy Family.

  • Your total annual IRA Charitable Rollover gift(s) cannot exceed $100,000 per spouse in the calendar year of the gift.

  • Your gift must be made to Holy Family by December 31 in the year you decide to make the gift.

  • Your gift must be outright. Gifts from your IRA to donor-advised funds or life-income vehicles such as charitable gift annuities or charitable remainder trusts do not qualify as IRA Charitable Rollover gifts.

Making Your Gift is Easy:

Before December 31 of this year:

  • Contact your IRA custodian.

  • Ask that your distribution be a charitable rollover to Holy Family.

  • To ensure that we can promptly and accurately credit your gift, ask them to include your name, address and how you would like the gift allocated in the transfer.

Distributions can be mailed to:

Holy Family Passionist Retreat Center
Office of Development
303 Tunxis Road
West Hartford, CT 06107

Make Holy Family a Beneficiary of Your IRA

You may also consider making a charitable bequest of part or all of your retirement account to Holy Family.

A retirement account bequest is one of the most tax-efficient ways to fund a charitable gift from your estate. By making Holy Family the beneficiary of your retirement account, you may reduce or eliminate federal estate and income taxes related to your retirement account at your passing.

Making Holy Family a beneficiary of your retirement account will also qualify you to become a member of The Flynn Heritage Society established to honor all those who make Holy Family a part of their personal legacy by creating a planned gift. To learn more about becoming a member of The Flynn Heritage Society, please contact us at dfleming@holyfamilyretreat.org or 860-760-9710.

For more information, please contact:

Dawn Fleming, CFRE
Director of Donor Relations and Planned Giving
Holy Family Passionist Retreat Center
303 Tunxis Road
West Hartford, CT  06107
203-232-0444
dfleming@holyfamilyretreat.org