Not only is charitable giving a powerful way to make a positive impact, but it is also a great step towards managing personal finances strategically. Transferring funds tax-free from an Individual Retirement Account (IRA) to a qualified charity—through a Qualified Charitable Distribution (QCD)—offers a unique opportunity to maximize philanthropic efforts and minimize tax liabilities.  

Requirements 

• You must be at least 70 ½ years of age
• Have funds in an eligible IRA (Traditional, Rollover, or Inherited)
• Distribution must be made directly from your IRA to an eligible 501(c)(3) charitable organization
• A maximum annual limit of $105,000 per individual 

Advantages 

• Tax Efficiency
  • Funds transferred directly from your IRA to a charity are excluded from your taxable income.
• Satisfying Required Minimum Distributions (RMDs)
  • Funds transferred through a QCD count toward fulfilling the RMD requirement without increasing taxable income.
• Simplified Giving
  • Eliminating the need for complex accounting, a QCD allows individuals to support their favorite charities directly and efficiently.
• Flexibility and Impact
  • Donors can use QCDs to support a wide range of qualified charities, from local community organizations to global initiatives.

Neumann University supports opportunities for donors to make a meaningful difference through a Qualified Charitable Distribution (QCD). By directing your IRA funds to Neumann University, you support its mission of academic excellence, values-based education, and service to the community. Your contribution can provide scholarships for deserving students, enhance academic programs, and invest in state-of-the-art facilities, ensuring a brighter future for generations to come. A QCD not only fulfills your philanthropic goals but also aligns with smart financial planning.

To explore how your generosity can impact Neumann University, contact our Office of Advancement today at (610) 558-5513.