More and more supporters are giving to Chicagoland Prison Outreach (CPO) directly from their retirement accounts through what’s known as a “qualified charitable distribution” (often referred to as a “QCD”).
For those ages 70 ½ and older who qualify, these gifts offer a convenient, cost-effective, and powerful way to share God’s love with offenders and their families through the Gospel, education, and biblical mentoring to equip them for godly, productive lives.
What makes a qualified charitable distribution so appealing?
1. If you don’t need the income, you can give directly from your IRA to CPO. It’s a simple way to meet all or part of your required minimum distributions and provide meaningful support!
2. Qualified charitable distributions reduce your taxable income. This is advantageous even if you don’t itemize deductions on your tax return.
3. Gifts from your IRA can be used to fulfill any charitable giving pledges you have made.
4. Any IRA distributions you make to charity will not be taxed. The entirety of your gift will go toward ministry!
Is giving from your IRA the right solution for you? To learn more about this and other convenient and cost-effective ways to support CPO, call Dave Sherwood at (708)331-3301 Ext 102 or email David@CPOMinistries.org.