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Qualified Charitable Distribution

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Qualified Charitable Distribution from an Individual Retirement Account

If you are at least 70 ½ years old, you can make tax-free charitable donations directly from your traditional IRA. By making what’s called a qualified charitable distribution (QCD), Athens State University can benefit! This type of gift, also known as “charitable IRA rollovers,” would otherwise be taxable IRA distributions. A gift out of your required minimum distribution (RMD) will not only be tax-free for you but also provide direct support to Athens State University and its students.

Benefits of sharing your distribution with Athens State:

  • Direct a tax-free transfer of up to $105,000 per year to the Athens State University Foundation and exclude the amount from taxable income.
  • Use the funds to create or add to an endowment named after yourself or a loved one, or designate the funds for Athens State’s greatest need.
  • Sit back and know you’re helping the University that helped you.

A gift from your RMD will satisfy any required minimum distributions that you would otherwise have to receive from your IRA.

Qualified Charitable Donations must be set up by December 31 of the tax year in which you plan to use the tax benefit.

For more information on how to match your interests with school needs, please e-mail the Office of Advancement at advancement@xunli.net or call 256-233-8190 and we will be happy to assist you.

Brandy Conway Photo

Brandy Conway

Executive Director Foundation & Corporate Relations

Check with your retirement plan administrator for eligibility and guidelines. Donors should consult their financial adviser, as other requirements may apply.