If you are 70½ or older, you can make a Qualified Charitable Distribution (QCD)—a direct, tax-free gift from your IRA to Brockport. This helps reduce your taxable income while supporting the next generation of Golden Eagles.
Plus, if you’re 73 or older, a QCD counts towards your Required Minimum Distribution (RMD).
How it works:
- Submit a request to your Individual Retirement Account (IRA) trustee with your details and gift amount.
- Your provider will process the request (typically within 5-10 business days).
- Lower your taxable income while making an immediate impact.
Note: QCDs are tax-free, but do not qualify for a charitable income tax deduction.