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IRA Charitable Rollover

Here is a tax-smart way to make an impact to Bentley using your traditional or Roth IRA. The IRA charitable rollover (also called the Qualified Charitable Distribution, or QCD) is a great way to make a tax-free gift to Bentley and satisfy your Required Minimum Distribution (RMD). If you are not required to take an RMD but no longer itemize your deductions, then a QCD may be right for you as well.

How 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 Bentley.
  • 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 Bentley.

Request additional information

We would be pleased to send you our 2018 IRA Charitable Rollover Gifts information sheet, which includes the parameters that apply to these types of gifts plus instructions you can provide to your IRA administrator to initiate your gift.

Simply call us at 781.891.2475, email us at giftplanning@bentley.edu, or complete the below form to automatically receive a link to the information sheet (if you would also like us to send it to you by U.S. Mail, kindly provide your mailing address and check the box at the bottom of the form).

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