Gifting Through IRA's & Retirement Plans
Smart Giving from an IRA
This popular gift option is commonly called the IRA charitable rollover, but you may also see it referred to as a qualified charitable distribution, or QCD for short. Benefits of an IRA charitable rollover
– Avoid taxes on transfers of up to $105,000 from your IRA to our organization
-May satisfy your required minimum distribution (RMD) for the year
-Reduce your taxable income, even if you do not itemize deductions
-Make a gift that is not subject to the deduction limits on charitable gifts
-Help further the work and mission of our organization
How an IRA charitable rollover gift works
Contact your IRA plan administrator to make a gift from your IRA to us
Your IRA funds will be directly transferred to our organization to help continue our important work
Please note that IRA charitable rollover gifts do not qualify for a charitable deduction
Please contact us if you wish for your gift to be used for a specific purpose
Gifts from your IRA
An IRA rollover allows people age 70½ and older to reduce their taxable income by making a gift directly from their IRA
For Those 59½ Years Old or Older
If you are at least 59½ years old, you can take a distribution and then make a gift from your IRA without penalty. If you itemize your deductions, you can take a charitable deduction for the amount of your gift.
At Any Age
No matter your age, you can designate the The New International University as the beneficiary of all or a percentage of your IRA and it will pass to us tax-free after your lifetime. It’s simple, just requiring that you contact your IRA administrator for a change-of-beneficiary form or download a form from your provider’s website.
Tip: It is critical to let us know of your gift because many popular retirement plan administrators assume no obligation to notify a charity of your designation. The administrator also will not monitor whether your gift designations are followed. We would love to talk to you about your intentions to ensure that they are followed. We would also like to thank you for your generosity.
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor.