Retirement Plan Designations &
IRA Rollovers

Make a Lasting and Tax-Efficient Impact with Your Retirement Savings

"For where your treasure is, there your heart will be also."

– Matthew 6:21

By naming the Catholic Legacy Foundation of Acadiana for the benefit of one of its affiliated endowments or funds as a beneficiary of your retirement plan, you can continue using your retirement funds during your lifetime while creating a legacy that aligns with your faith and Catholic values. This tax-efficient giving option sustains the Great Commission of Christ and offers potential benefits for your estate.

Retirement Plan Beneficiary Designation

Naming the Catholic Legacy Foundation of Acadiana or a fund it manages as the beneficiary of your retirement account, such as an IRA, 401(k), or other qualified plan, is a tax-efficient way to support Catholic ministries, schools, or church parishes. Upon your passing, the designated funds transfer directly to the Foundation, becoming endowed contributions that sustain Catholic causes for generations to come.


Together, we can sustain Catholic causes for generations to come.
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IRA Charitable Rollovers

An IRA Charitable Rollover, also known as a Qualified Charitable Distribution (QCD), allows individuals aged 70½ or older to transfer funds directly from their IRA to a qualified charity, such as the Catholic Legacy Foundation or one of the funds or endowments we manage. This tax-efficient option helps you fulfill your annual Required Minimum Distribution (RMD) while reducing taxable income.

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Benefits

Retirement Plan Giving and IRA Charitable Rollovers


Explore the unique advantages of these giving methods and how they help sustain the Church’s mission for generations to come:


  • Tax Advantages — Avoid income tax on distributions made to the Catholic Legacy Foundation of Acadiana, thus maximizing the impact of your gift. Did you know that 40%-60% of your retirement assets may be taxed if left to your heirs? By designating the Foundation or one of the funds we manage as a beneficiary, you ensure your gift is used fully to support Christ-centered ministries.
  • Flexible Giving Options — Choose to make an immediate gift through an IRA Charitable Rollover or plan for future support through a beneficiary designation.
  • Immediate and Lasting Impact — IRA rollovers address current needs, while beneficiary designations provide a legacy of support for generations.
  • Support the Foundation’s Mission — Direct your retirement savings through the Foundation for the benefit of Catholic ministries, schools, parishes, and outreach programs, thereby aligning your giving with your faith and values.

How it Works

Retirement Plan Beneficiary Designations

  • Update Your Beneficiary Designation

    Contact your plan administrator to name the Catholic Legacy Foundation or one of its funds as a primary or contingent beneficiary.

  • Provide Legal Information

    Legal Name: Catholic Legacy Foundation of Acadiana 

    Address: P. O. Box 90008, Lafayette, LA 70509

    Tax ID Number: 99-4679427

    Designate Your Gift: Specify the percentage or dollar amount you wish to allocate to the Foundation or one of our funds.

How it Works

IRA Charitable Rollover

  • Eligibility

    You must be 70½ years or older to make a Qualified Charitable Distribution (QCD).

  • Transfer Funds

    Work with your IRA administrator to send funds directly to the Catholic Legacy Foundation or a fund that it holds

  • Gift Limits

    You can transfer up to $100,000 annually tax-free.

  • Tax-Free Gift

    The distribution is excluded from your taxable income and can count toward your Required Minimum Distribution (RMD).

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Create a Faith-Aligned Legacy

By naming the Catholic Legacy Foundation of Acadiana as a beneficiary of your retirement plan or making an IRA Charitable Rollover gift, you can create a meaningful legacy that supports Catholic ministries and reflects your faith. To learn more, contact the Catholic Legacy Foundation at (337) 261-5642 or mtrahan@CLFAinc.org. Together, we can ensure that your retirement savings create Forever Value.

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Frequently Asked Questions

  • What is the difference between a beneficiary designation and an IRA Charitable Rollover?

    A beneficiary designation directs the remaining funds in your retirement account to the Foundation after your lifetime.


    An IRA Charitable Rollover allows you to make an immediate gift during your lifetime while reducing taxable income.


  • Can I designate a specific parish, school, or ministry as a beneficiary?

    Yes, you can direct your gift to a specific Catholic entity.  We recommend either starting or contributing to an endowed fund within the Foundation that matches your interests.  This type of contribution impacts future generations.

  • Are IRA Charitable Rollover gifts tax-deductible?

    While these gifts are not tax-deductible, they are excluded from your taxable income, providing significant tax savings.

  • What are the tax benefits of naming the Foundation as a retirement plan beneficiary?

    Funds left to the Foundation or one of its funds through a beneficiary designation are not subject to income tax, ensuring more of your gift is used to further its mission.

  • What is the advantage of beneficiary designations?

    Beneficiary designations allow you to support charitable works after your lifetime while avoiding the income taxes your heirs might otherwise face on these funds.

  • What happens if I name the Foundation as a beneficiary?

    Your retirement assets will be transferred to the Catholic Legacy Foundation or one of its designated funds or your chosen Catholic entity after your lifetime, with no income taxes applied to the gift.