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IRA Charitable Giving


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 accoutn 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.

Choose Briar Cliff for your IRA Charitable Rollover

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.

Ask Yourself
  • Do you want to help make a Briar Cliff University student's dream come true?
  • Does your IRA constitute the largest share of your availabel assets?
  • Are you required to take an annula minimal distribution from your IRA?
Do You Qualify to Make an IRA Charitable Rollover?
  • Are you 70.5 years or older?
  • Will your gift be made directly from your IRA to Briar Cliff University? (Gifts from 401(k), 403(b) and 457 are not permitted.)
  • Will your gift total less than $100,000 per taxpayer for the year?
  • Will you gift be outright? Meaning you will not receive any material benefits in return. (Transfering gifts for annuity, charitable remainder trust, and pooled income fund is not permitted.)

 

What Type of Dream do you want to Fund?
  •  Area of Greatest Need: You can choose to donate to the ever-changing needs of Briar Cliff students. This fund ensures that when unexpected things come up, the needs of our students will always be met.
  • Endowed Scholarship: You can establish a scholarship that will help a studnet who is strugglin financially but has the ambition to continue to chase their dream.
  • Endowment for a field of interest: You can restrict your gift for a specific aea or department that shares your passion, such as the arts, sciences, mission work, athletics, etc.

If you answered yes to any of these questions, you are ready to compelte your IRA charitable rollover and change the life of a student ata 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.

IRA Charitable Rollovers Explained

An Individual Retirement Account is an accoutn set aside with funds to be used after reitrement. Many financial institutions that offer IRAs provide tax advantages for people who have them. 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.