Qualified Charitable Distribution

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 it works:

  • 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.

A Qualified Charitable Distribution (QCD) is a direct transfer of funds from your Individual Retirement Account (IRA) to a qualified charity.

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.

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.

Yes, you will receive a tax receipt after your donation has been received.