Qualified Certified Distribution

As you make plans to purchase gifts for your loved one this Christmas, please remember your parish in your planning. Check with your financial advisor to see how this might affect you even without an RMD (Required Minimum Distribution).

A qualified certified distribution (QCD) remains a great way to make a tax-free gift to your parish or other qualified 501(c)(3) organizations, including the established local funds (managed by the Catholic Community Foundation and the Community Foundation Alliance of Perry and Spencer Counties). 

You must be at least age 70½ to use a QCD for a gift. Beginning in 2023, the age for taking a Required Minimum Distribution (RMD) begins at 73. Check with your financial advisor for professional guidance. 

In recent years, some parishioners have adopted this practice to meet their annual stewardship obligations – a yearly tax-free gift to support parish ministries, programs and activities. Some, too, have taken their QCD to designate it as a perpetual gift to one or more parish endowments - to support the ongoing and future pastoral ministries or the long-term care of the church building or cemetery.

For more information or a confidential conversation about QCD, contact the Parish Office at 812-357-5533 or email finance@myparishfamily.church.

Chart of Accounts for Restricted Gifts

Information to share with your financial advisor for Qualified Certified Distribution (QCD).

St. Boniface Parish  EIN# 35-0942660

• Sunday and Holy Day (4010.400)
• Endowment for Cemetery Care and Maintenance (4852.100)
• Endowment for Church Care and Maintenance (4852.200)
• Endowment for Pastoral Ministries and General Operations (4852.300)
• Endowment for Perpetual Care of the Giesecke Pipe Organ (1898) Organ ID#3845 (4852.500)
• Endowment for Conservation and Repair of Bells and Bellframes (4852.600)
• General Fund (4040.400)

St. Meinrad Parish  EIN# 35-6029952

• Sunday and Holy Day (4010.400)
• Endowment for Cemetery Care and Maintenance (4852.100)
• Endowment for Church Care and Maintenance (4852.200)
• Endowment for Pastoral Ministries and General Operations (4852.300)
• Parish Activities Center Building Fund (4900.400)
• General Fund (4040.400)

Please know that your gift makes an important difference in the mission and ministry of your parish.