Leave a lasting legacy in your name, a family name or in memory of an individual — establish a named scholarship with a gift of $1,000 or above or with an endowment of $25,000 or more.
If you desire, you may set the criteria by which the scholarship is awarded. For example, you may restrict the scholarship to a student in financial need or to a student in a certain academic discipline.
Find a listing of all annual & endowed scholarships in the annual President's Report, published to thank our generous scholarship donors at Briar Cliff University.
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.