Make an IRA Gift (QCD)

If you are age 70 ½ or older, transferring funds directly from your IRA to the Ascension St. Vincent Foundation can offer significant tax advantages while making an immediate impact on our patient care:

• Reduce Your Taxable Income: Gifts transfer tax-free directly from your IRA (up to $111,000 per year) to our Ministry without being counted as taxable income.
• Satisfy Your RMD: If you are 73 or older, your QCD gift counts directly toward satisfying your Required Minimum Distribution (RMD) for the year.
• Smart Tax Savings Regardless of Itemization: You receive tax benefits even if you do not itemize deductions on your federal income tax return. 

MORE DETAILS

1. Submit Your Intention (Form Below): Completing this brief form alerts our team of your incoming IRA distribution, helps us match it to you, and informs us of the ministry/fund you intend it to benefit.
2. Check Your Email: You will immediately receive a confirmation email with your intended gift details, our legal tax entity information, and a pre-formatted Sample Letter of Instruction (LOI) to send to your IRA custodian.
3. Authorize Your Advisor or Broker: Copy the Sample Letter (LOI) text in an email or printed letter to your IRA custodian (e.g., Schwab, Fidelity, Vanguard) to execute the transfer. We will reach out to confirm as soon as the transfer is successfully received.

If you or your financial professional are ready to execute your distribution, please direct your IRA custodian to issue the check as follows:

Legal Name: Ascension St. Vincent Foundation

Federal Tax ID (EIN): 35-6088862

Mailing Address:

 Ascension St. Vincent Foundation
Attn: Business Operations
8402 Harcourt Road, Suite 200
Indianapolis, IN 46260

Memo Line Reference: [Donor’s Full Name] QCD (Critical for Foundation to identify incoming distribution checks)

Important Note for Financial Professionals: IRA custodians often issue distribution checks without the donor’s name attached. To ensure proper gift attribution and timely tax acknowledgment for your client, please ensure the donor’s full name and ‘QCD’ are included in the check memo line. Thank you!