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A Qualified Charitable Distribution (QCD) From your IRA

Do you want to find a way to both give to ministry and also prevent your IRA’s Required Minimum Distributions (RMD) from pushing you into a higher tax bracket? A Qualified Charitable Distribution is a direct gift from your traditional IRA that doesn’t add a penny to your taxable income. And for many people this is better than a tax deduction for donating the money after withdrawing it from an IRA.

To be eligible, you must be 70½ or older. The maximum cumulative QCD transfer amount to one or more charities is $100,000 annually, per taxpayer. Beginning at either age 70 ½ or 72 (depending on your birth year), the amount you donate from your IRA as a QCD may count toward your RMD. Check with your professional advisor to learn how much of your QCD will qualify for your RMD.

Prior to making a donation from an IRA, consult with your tax or legal advisor.

  1. Instruct your broker/investment firm to make a Qualified Charitable Distribution for a specific amount from your IRA to Paraclete. Your broker/investment firm may provide an online form to use for this purpose. Request that the donation be marked with your “preference” for the project or Paraclete associate ministry of your choice. The donation address is:
    Paraclete Mission Group
    PO Box 912576
    Denver, CO 80291-2576
  2. Initiate your QCD donation transfers with your broker/investment firm by Dec. 1 to allow for transaction processing time at the end of the calendar year.
  3. Connect with us when your QCD donation is on its way, and indicate the “preference” or intended designation (the ministry of a specific Paraclete associate, a project, or the Paraclete Mission Fund).
  4. Since a QCD is not deductible for income tax purposes, you will receive an acknowledgement of the donation from Paraclete rather than a receipt.

Links to information about QCD donations via some popular brokerage firms:
(For informational purposes only. Paraclete does not endorse any brokerage firm.)
Ally Contact Information
Charles Schwab QCD Instructions
Edward Jones Giving Tips (includes QCDs)
E-Trade Contact Information
Fidelity QCD Information
Fisher Contact Information
Morgan Stanley Report Download on QCDs
Merrill Lynch / BOA Contact Information
Pershing Contact Information
TD Ameritrade Report Download on RMDs and QCDs
Vanguard Instructions on How to Take a QCD
Wells Fargo Report Download on What You Need to Know About QCDs

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ABOUT US

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Statement of Faith

Equal Opportunity Employment

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Financials

Our Mission

To come alongside Christian leaders around the world.

Methodology

  • We operate in alignment with our vision and values.
  • We serve as catalysts, without personal or institutional agendas.
  • We stay only as long as needed and welcome.
  • We view all our work as spiritual activity with eternal significance.
  • We promote effective and Godly stewardship of resources as a model for business and ministry.
  • We practice the accountability of planning and evaluating our work, and teach others to do the same.

Financial Information

Our Financial Statements have been audited annually since 2013 by an independent national accounting firm. Paraclete is registered or exempt from charitable solicitation registrations in all states that require it.

2023 Financial Summary

Revenues
Contributions
$4,482,308
Other Revenue
$131,963
Total Revenue
$4,614,271
Expenses
Program
$3,694,724
Administrative
$335698
FundRaising
$361,811
Total Expenses
$4,392,233

Donor Privacy Policy

Paraclete Mission Group is committed to respecting the privacy of our donors. We provide this Donor Privacy Policy to inform you of the way we protect and use your information.

Information We Collect

  • Here are the types of donor information that we collect and maintain:
    Your contact information: name, organization/church, address, phone number, email address;
  • Your preference for which ministry your donation will be applied;
  • Your payment information: credit card and/or bank account information;
  • Information you choose to share with us: questions, comments, suggestions, how you learned of Paraclete, and;
  • Your communication preferences; e.g., to individuals who request it, we will send periodic mailings related to specific fund-raising appeals, prayer concerns, and newsletters.

How We Use Your Information

Paraclete Mission Group uses your information to help you complete a donation, communicate back to you, and update you on ministry activity and results. We use credit card numbers only for donation or payment processing.

How We Protect Your Information

We use industry standard safeguards to protect your information. We protect the security of credit card transactions using a number of measures such as encryption, access controls, network firewalls and physical security. Card numbers are never stored on our premises in any physical or electronic form. These measures make it extremely difficult for anyone to intercept the credit card information you send to us. When we work with other companies to process credit card transactions, those companies also use encryption and other security measures.

We Do Not Share Your Personal Information

Paraclete Mission Group will not sell, rent, trade or lease your personal information to other organizations. We hold the identity of donors confidentially. We will use your information only to further the ministry purposes of Paraclete Mission Group. We will not send you mailings on behalf of another organization.

YOUR RIGHTS – GDPR Specific

Personal Information

Where you have provided your consent to us processing your personal data, you may withdraw this consent at any time. In addition, the Global Data Protection Regulations gives you the right, under certain circumstances:

  • to request in writing and securely obtain copies of the personal information we hold about you;
  • to correct or update your personal information held by us;
  • to request us to stop using your personal information for marketing purposes or for any other purpose where there is no legal requirement for continued processing;
  •  to object to profiling activities based on our legitimate interest;
  •  to request to have all personal data deleted (in the EEA only). To exercise any of these rights please contact privacy@paraclete.net .

Please tell Paraclete Mission Group as soon as any of your contact details change so that records can be kept up to date.

We will take reasonable steps to correct any of your information, which is inaccurate, incomplete or out of date.

Removing Your Name From Our Mailing List

We will honor your desire not to receive mail from us if that is your preference. Please contact us if you wish to be removed from our mailing list. Donors with an online account with Paraclete Mission Group can establish and change their communication preferences, print receipts, make one-time donations and set up recurring automatic donations. If you choose not to have an online account you have the same degree of control when you call or write to tell us of your preferences.

Contacting Us

If you have comments or questions about our donor privacy policy, please send us an email at info@paraclete.net or call us at (719) 302-2500.

 

Statement of Faith

We believe the Bible to be the only infallible, authoritative Word of God.

We believe that there is one God, eternally existent in three Persons: Father, Son and Holy Spirit.

We believe in the deity of our Lord Jesus Christ, in His virgin birth, in His sinless life, in His miracles, in His vicarious and atoning death through His shed blood, in His bodily resurrection, in His ascension to the right hand of the Father, and His personal return in power and glory.

We believe that for the salvation of lost and sinful man regeneration by the Holy Spirit is absolutely essential.

We believe in the present ministry of the Holy Spirit by whose indwelling the Christian is enabled to live a godly life.

We believe in the resurrection of both the saved and the lost, they that are saved unto the resurrection of life, and they that are lost unto the resurrection of damnation.

We believe in the spiritual unity of believers in our Lord Jesus Christ.

equal opportunity employment

It is the policy of Paraclete Mission Group not to discriminate on the basis of race, color, national origin, sex, age or disability in admission and access to, or treatment or employment in its program or activities. As a religious institution, Paraclete is permitted and reserves the right to prefer employees or prospective employees on the basis of religion.