Use your IRA to rebuild Notre-Dame Cathedral. You can donate up to $100,000 each year without incurring income tax on your withdrawal.
How do QCDs work?
Contact your plan administrator or direct distributions in the amount of your choosing from your traditional or Roth IRA to Friends of Notre-Dame de Paris (EIN #81-4458934). This can be a one-time or recurring gift.
To ensure that your gift if properly processed, please have your QCD directed to:
Friends of Notre-Dame de Paris
PO Box 823926
Philadelphia, PA 19182-3926
The distributions go directly to Friends of Notre-Dame de Paris and are not subject to federal income tax.
Your gift may satisfy your IRA’s annual required minimum distribution, if applicable.
What is a Qualified Charitable Distribution?
A Qualified Charitable Distribution (QCD) is a direct transfer of funds from your Individual Retirement Account (IRA) to a qualified charity.
Why give a qualified charitable distribution?
People with IRAs must take required minimum distributions each year beginning at age 70½—even if they don’t need or want the funds. That same required minimum distribution increases the IRA holder’s total taxable income.
A QCD allows you to donate up to $100,000 to one or more charities directly from a taxable IRA, instead of taking their required minimum distributions. As a result, you may avoid being pushed into higher income tax brackets and prevent phaseouts of other tax deductions.
Are there any tax benefits to donating QCDs?
Yes, there are! QCDs reduce your Adjusted Gross Income (AGI), which generally provides a greater tax benefit than claiming the charitable contribution as a tax deduction (and you don’t need to itemize). Since Friends of Notre-Dame de Paris is a registered 501(c)(3) nonprofit organization (tax ID number 81-4458934), your QCD is tax deductible in the United States.
Do I receive a tax receipt when donating a QCD?
Yes, you will receive a tax receipt after your donation has been received.