Your IRA can provide a tax-smart way to make an impact with Fairfield University 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 Fairfield University 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 Fairfield University.
  • Gifts cannot exceed $100,000 per donor per year.

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 72 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 Fairfield University.

How Can I Make an IRA Charitable Rollover?

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

 

How Your Gift Helps

Your gifts to Fairfield University help to develop the creative intellectual potential of our students and to foster in them ethical and religious values and a sense of social responsibility. It will provide Fairfield University with the resources to…

HYGH HYGH HYGH
Attract highly qualified and motivated students. Support our high standard of academic excellence. Create opportunities for students in research and involvement in the global community.