IRA Postcard Spring 2017How Do I Qualify?

The IRA charitable rollover (QCD) offers multiple benefits for making gifts from your traditional or Roth IRA.

  • You must be 70 ½ years or older at the time of the gift
  • Gifts must go directly from your IRA to Brooklyn College Foundation
  • Gifts must come from a traditional IRA or Roth IRA account
  • Gifts cannot exceed $100,000 per donor per year

Benefits of an IRA Charitable Rollover Gift

  • If you don’t itemize deductions and are not yet required to take your RMD, a QCD offers all of the benefits of an itemized income tax charitable deduction
  • If you are age 72 or older and must take your RMD, a QCD can satisfy your RMD without increasing your income taxes
  • You may direct your gift to a program or area of your choice
  • It is a wonderful way to create an immediate impact on Brooklyn College Foundation

How can I make an IRA Charitable Rollover?

  • Contact your IRA administrator for their QCD distribution form and information on the procedure to make such a gift.

The Brooklyn College Foundation can provide you with a letter to send to your IRA administrator to make an IRA charitable rollover. If you are interested in making such a gift or would like more information, please call 773-346-1739 or email legacysociety@brooklyn.cuny.edu.