Don’t need your IRA retirement savings as much as you once thought?
Learn more about how a Qualified Charitable Distribution (QCD) can benefit you.
If you are 70½ or older and have an IRA, you are already qualified!
You can use your IRA to earn income while helping Benedictine College!
New legislation has created the opportunity for qualified IRA holders ages 70½ and older to fund a gift annuity, a charitable remainder annuity trust, or a charitable remainder unitrust by making a one-time election for a qualified charitable distribution of up to $53,000 during a single calendar year. Contact us to learn more and see if this option may be right for you.
How a Qualified Charitable Distribution (QCD) Works
You are at least 70½ years old with IRA funds you no longer need
Make a qualified charitable distribution (QCD) from your IRA
Your QCD goes directly to charity, supporting a cause you care about
*If you are 73 years old or older, your QCD can count towards your required minimum distribution (RMD)!
Did You Know?
You can also support our mission for years to come. Simply name Benedictine College as a beneficiary of your IRA account, and the remaining assets (or a portion) of the account will be distributed to support students at Benedictine College.
Information for Beneficiary Designation
Legal Name: Benedictine College
Tax I.D. Number: 48-0777079
Incorporated In: Atchison, KS
Discover the Benefits of a Qualified Charitable Distribution (QCD)
Reduce Your Taxable Income
When you take funds from your IRA, they count as taxable income. But if you transfer them directly to charity, you reduce your taxable income while satisfying your RMD.
Fulfill your Required Minimum Distribution (RMD)
After you turn 73, you must distribute funds from your IRA. A QCD could be used to satisfy your RMD, just keep in mind that you must make your QCD before taking your RMD to benefit from tax savings. If you do not distribute the required minimum, you may be penalized, but a QCD allows a transfer up to $108,000 per individual or $216,000 per couple to satisfy your RMD.
Make an Impact for Benedictine's Students Now
When you transfer IRA funds to Benedictine College, you give students the opportunity to carry on the Benedictine tradition through access to scholarships, state-of-the-art facilities and an outstanding faculty.
“The new tax law presented an opportunity to help the College (through an IRA gift) that I had not considered before.”
Charlie SanPetro, ’62
Find Out if a Qualified Charitable Distribution is Right For You
| I was born before . | Yes | No |
|---|---|---|
| I have a qualified IRA. | Yes | No |
| I want to support Benedictine College students. | Yes | No |
You’re qualified to make this type of gift!
It looks like there are still some requirements that need to be met!
Take Your Next Steps
Step 1
Get started by selecting your IRA custodian and filling out your information below. This information will be used to pre-fill your distribution form.
Step 2
Once you have downloaded and completed the rest of your form, please mail the form to your IRA custodian. We recommend mailing this by December 1st to ensure you receive your tax deduction for this year.
Step 3
Please let us know about your generous gift!
We would like to thank you and ensure your gift goes to the program or department you desire.