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

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 Colby College.
  • 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 Colby College.

How Can I Make an IRA Charitable Rollover?

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

 

IRA Rollover

 

 

IRA Rollover:

Click on the image to the left to download Colby’s information sheet to learn more on the benefits of an IRA charitable rollover (a.k.a. qualified charitable distribution).

 

 

 

Transfer notifications
Gift Instructions

 

 

 

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