IRA Charitable Rollover

Recent changes to tax law have made the charitable IRA rollover more valuable than ever. Whether you give due to a tug on your heartstrings or consider charitable donations an integral part of your financial plan, the charitable IRA rollover can help you leverage your support – and minimize your taxation.

The charitable IRA rollover, or qualified charitable distribution (QCD), is a special provision allowing qualified donors to exclude transfers of Individual Retirement Account (IRA) assets made directly to public charities, including Bucknell University, from their taxable income – and count it toward their required minimum distribution.

To support Bucknell with the charitable IRA rollover provision, you must:

  • Be 70 ½ years or older at the time of the gift
  • Have a traditional or Roth IRA
  • Transfer funds, not exceeding $100,000 per year, directly from your IRA to Bucknell

Benefits of utilizing the charitable IRA rollover in support of Bucknell include:

  • Gifts make an immediate impact by advancing Bucknell’s mission
  • Gifts count toward your required minimum distribution (RMD)
  • Gifts are not included in, and therefore not taxed as, income for federal tax purposes
  • Gifts can be directed to support the program or area of your choice

IRA charitable rollovers are easy; a simple letter of instruction to your IRA administrator begins the process. We will provide one for you, or you can click here to download and print the IRA Form and Instructions to share with your IRA account administrator.