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IRA Charitable Giving
Who ignites a student's faith?
“Every student, employee, and alumnus of Briar Cliff University carries the teachings of this simple, humble, saint from Assisi in their souls, from their actions, words, and general thoughtfulness I can feel the gentle touch of God.” Grace McElroy, alumnae.
This is the chance to change someone’s life. Will you help us?
Consider a gift from your IRA this year.
Give a gift that matters.
At BCU, we enroll over 1,300 students. Each student is on a journey, a journey that begins with an affordable education. Your donation helps make their aspirations a reality. Make a charitable rollover with your IRA to fund a Briar Cliff student’s dream. It’s a tax-free way to make a charitable gift.
What is an IRA?
An Individual Retirement Account is an account set aside with funds to be used after reitrement.
Why should I have one?
Many financial institutions that offer IRAs provide tax advantages for people who have them.
IRA Charitable Rollovers Explained
The Protecting Americans from Tax Hikes (PATH) Act of 2015, which was passed by Congress and signed into law by the President on December 18, 2015, made permanent what is popularly known as the Individual Retirement Account (IRA) charitable rollover. This means that charitably- minded taxpayers age 70 ½ or older can transfer up to $100,000
annually from their IRA accounts directly to a charity without first having to recognize the distribution as income.
Simply put, you can use your IRA to transfer up to $100,000 each year to a charity without being taxed.
Consider a Gift to Briar Cliff for your IRA
A gift to Briar Cliff fuels the dreams of our students. With your support, we can develop the next generation of teachers who share the Catholic Franciscan values we hold dear, cultivate health care professionals with unprecedented compassion, foster faculty who inspire learners and shape business executives with a commitment to volunteerism. Your gift to Briar Cliff is not only an investment to a Briar Cliff education, but also an investment in the future of our world.
|Do You Qualify to Make an IRA Charitable Rollover?||
|How Can Your Gift Change Someone's Life?||
If you answered yes to any of these questions, you are ready to complete your IRA charitable rollover and change the life of a student at Briar Cliff University!
The qualified distribution described above applies to a traditional IRA. Distributions from employer-sponsored retirement plans, including simple IRA plans and simplified employee pension (SEP) plans, are not eligible for the tax-free rollover. The gift is not included in taxable income, and no charitable deduction is allowed.