Your IRA can provide a tax-smart way to make an impact with University of Vermont Foundation 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 University of Vermont Foundation and satisfy your Required Minimum Distribution (RMD), too.

IRA Charitable Rollover FAQs Button

Make Your IRA Charitable Rollover Gift Button

 

 

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 University of Vermont Foundation.
  • 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 University of Vermont Foundation.

How Can I Make an IRA Charitable Rollover?

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

 

Talk to Us

For more information, please contact Cheryl Brodowski, Director of Legacy Giving:

phone(802) 656-8417

Cheryl.Brodowski@uvm.edu

 

Quotation MarkI give back because people’s journeys in life are important to me...especially when it moves the needle toward civility, kindness, equity, and justice."

- WANDA HEADING-GRANT ’87, G’03