Gifts of Retirement Plan & IRA Assets

Beneficiary designation: Donors may request a beneficiary-designation form from their retirement plan administrator and name District Council of Madison, Inc., Society of St. Vincent de Paul as the entire or partial beneficiary of their retirement-plan assets upon the owner’s death. This form of giving may enable substantial income-tax and estate-tax savings. Senior Couple SeriesIn all matters of planned giving, please be sure to consult your attorney, tax accountant or financial advisor.

IRA transfer: If you have reached the age of 70½, you have a special opportunity – made permanent by Congress in 2015 – to support the services of your local St. Vincent de Paul Society council with a gift from your IRA or individual retirement annuity and claim a charitable income-tax deduction through a qualified charitable distribution, or QCD. This gift made by Dec. 31 may count toward a required minimum distribution from the account for the tax year without increasing adjusted gross income.

To make this kind of contribution, work directly with your IRA trustee or custodian to determine whether you have the right type of retirement account for this purpose. Direct that the check be written to District Council of Madison, Inc., Society of St. Vincent de Paul. Be sure to make the transfer from the IRA directly to charity. Many trustees and custodians have forms and procedures in place for this transfer. It won’t qualify if the trustee or custodian mistakenly puts the IRA money in a non-IRA account of yours as an intermediate step or if the check is made out to you. And, the law doesn’t provide a way to correct mistakes!

Make sure the check is written and sent to:

District Council of Madison, Inc., Society of St. Vincent de Paul
PO Box 259686
Madison, WI 53725-9686

NOTE:  Our EIN # is 39-0824876.

For more information, please contact Nancy Hansis, Director of Development, at (608) 442-7200, x405, or email nhansis@svdpmadison.org.

Planned Giving Options (click each for detail)

Recurring Monthly Gifts Bequest by Will Gifts of Stocks, Bonds & Mutual Funds
Gifts of Retirement Plan & IRA Assets Gifts of Insurance Gift Annuities
Gifts of Property Trusts Estate Planning
United Way

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“After seeing the tremendous good that the Society has done for the poor in the community, I decided to make a monthly financial committment to the Society now and also am leaving a legacy gift for later.”
- Bernie Vering