If you are aged 70 ½ or older, you can donate your required IRA distribution to St. Martha Church or School without having to count the allocation in your taxable income.
The transfer for each calendar year must be made by December 31st directly from your financial institution, with a maximum charitable distribution of $100,000 per donor, per year. This benefit pertains to both traditional IRAs and Roth IRAs.
Please talk to your IRA trustee/administrator to facilitate a direct charitable gift rollover. It’s a wonderful opportunity to support the worthy charitable activities of St. Martha Church or to foster Catholic education through St. Martha School.