Qualified Charitable Distributions
A gift straight from your IRA, given without ever passing through your taxable income.
If you are 70 and a half or older, you may direct a gift from your IRA to the seminary and exclude it from your income entirely. Because the distribution never reaches your return, you receive the benefit whether or not you itemize, and for many donors that makes a qualified charitable distribution the most efficient gift they can make. If you are of an age to take required minimum distributions, a QCD can satisfy some or all of that requirement.
Your tax advisor can confirm how this applies to your situation.
Three steps
STEP 01
Call the Office of Development at (561) 623-8017 or email development@svdp.edu with your name, the name of your IRA custodian, and the amount you intend to give.
STEP 02
Ask your custodian to make a direct transfer using the details below. The distribution has to go directly from the custodian to the seminary. If the funds pass through your hands first, the gift no longer qualifies.
STEP 03
Ask your custodian to include your name and address in the transmittal, or send us a copy of the distribution request. Either one closes the gap.
Give these details to your IRA custodian.
Please ask your custodian to include your name and address with the distribution so we can acknowledge your gift.
Good to know
The age is measured on the date of the distribution, not at any point in the year. A gift made before that birthday does not qualify, even by a few days.
The limit is indexed for inflation and rises most years. A married couple with separate IRAs may each give up to the limit from their own account.
A qualified charitable distribution counts toward your RMD for the year, up to the amount given. For many donors this is the heart of the appeal, since the required amount goes to the seminary rather than to taxable income.
A QCD has to be a gift for which nothing of value comes back to you, so it cannot pay for gala tickets, sponsorship benefits, or an engraved brick. It can support seminarian formation, the endowment, or the annual fund. If you are not sure which category your intention falls into, please ask us and we will tell you plainly.
Once in your lifetime you may direct up to $55,000 in 2026 from your IRA to fund a charitable gift annuity or a charitable remainder trust. This amount counts within the annual limit rather than on top of it. If a life-income gift interests you, please call us before beginning.
Custodians differ in how quickly they process requests, and some mail a paper check. For a gift to count in the current tax year the distribution must be completed by December 31. Please begin in early December and let us know it is coming.
Our details do not change. If you receive a form, an email, or a telephone call giving different delivery details, please contact the Office of Development at (561) 623-8017 before authorizing a transfer. We would always rather answer that call than see your generosity go astray.
Office of Development
St. Vincent de Paul Regional Seminary
10701 South Military Trail, Boynton Beach, FL 33436
(561) 623-8017
· development@svdp.edu
