Welcome
Welcome to the Catholic Foundation of South Georgia. We invite you to learn about the Foundation, it's purpose and the many ways we encourage philanthropy to our Catholic community. As a Catholic foundation, we tailor giving to the needs and interests of individual donors by offering tools, insight and inspiration to help make giving effective and satisfying.
Giving to the Catholic community is about your life, your commitment and your passion to preserving a faith and a heritage to be shared for generations to come. The Foundation measures its success in terms of the many individuals, families and parishes and schools who have entrusted us to be stewards of their charitable interests and in how well we make a difference in the lives of others across the Diocese of Savannah.
Making a Charitable Gift through an IRA Charitable Rollover
Helpful tips on how you can realize tax benefits by making a direct charitable distribution from your IRA.
If you are over the age of 70 ½, you must take a required minimum distribution from your IRA. Normally this money is taxed as ordinary income. However, federal tax legislation enacted on October 3, 2008 permits you, for the remainder of 2008 and throughout 2009, to make a direct gift from your IRA to your parish, your parish school, the Bishop’s Annual Appeal, or the Catholic Foundation of South Georgia, Inc. This gift counts toward fulfilling your required minimum distribution.
For each of the years 2008 and 2009 you can exclude up to $100,000 from your gross income for distributions made directly from your traditional or Roth IRA to a qualified charity. For married couples, each spouse can make a distribution from his or her IRA under the same provisions.
