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IRA Charitable Rollover

Your IRA can provide a tax-smart way to make an impact with Saint Elizabeth University now. The Qualified Charitable Distribution or QCD (sometimes called an “IRA Charitable Rollover”) is a great way to make a tax-free gift now to Saint Elizabeth University and satisfy your Required Minimum Distribution (RMD), too.

How Do I Qualify?

The Qualified Charitable Distribution (QCD) offers multiple benefits for making gifts from your IRA.

  • You must be 70½ years or older at the time of the gift.
  • Gifts must go directly from your IRA to Saint Elizabeth University.
  • For 2024, total QCD gifts cannot exceed $105,000 per donor.

Benefits of Qualified Charitable Distribution

  • If you don’t itemize your income tax deductions, a QCD offers all of the benefits of an itemized income tax charitable deduction
  • If you are age 73 or older and must take a Required Minimum Distribution RMD, a QCD gift 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 Saint Elizabeth University.

How Can I Make an IRA Charitable Rollover?

Contact your IRA administrator to request a Qualified Charitable Distribution from your IRA to SEU.

Saint Elizabeth University 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 973-290-4703 or email sthomas@steu.edu.

 

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Saint Elizabeth University admits students of any race, color, national and ethnic origin to all the rights, privileges, programs, and activities generally accorded or made available to students at the school. It does not discriminate on the basis of race, color, national and ethnic origin in administration of its educational policies, admissions policies, scholarship and loan programs, and athletic and other school-administered programs. Saint Elizabeth University is also an equal opportunity employer. It does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, age, disability, marital status, citizenship, national origin, genetic information, or any other characteristic protected by law.

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