IRA Qualified Charitable Distribution

If you are 70½ or older, you may be able to take advantage of your IRA to make tax-smart charitable gifts to Georgetown. By requesting a qualified charitable distribution (QCD) or charitable rollover from your IRA, you can direct up to $100,000 each calendar year to eligible charities—including Georgetown.

Benefits to using your IRA for charitable giving may include lowering your taxable income, counting the distribution toward your required minimum distribution, and providing support to a school or program at Georgetown that is meaningful to you. You can use a QCD from your IRA for pledge payments, annual gifts, or reunion class giving.

Recent federal legislation now allows individuals expanded opportunities to use a QCD of up to $50,000 to fund a Charitable Gift Annuity (CGA) or Charitable Remainder Trust (CRT), as well. 

Contact your IRA administrator for instructions on how to request a qualified charitable distribution for Georgetown. You may need to provide your administrator with additional details for Georgetown including:

1. Contact your IRA administrator for instructions on how to request a qualified charitable distribution for Georgetown. You may need to provide your administrator with additional details including:

2. Notify the Office of Planned Giving about your incoming QCD and any designation for your gift at plannedgiving@georgetown.edu or (800) 347-8067. Some IRA administrators send checks with no identifying donor information, so sharing the details of your QCD helps ensure we can confirm receipt of the funds and make sure you are properly credited for the gift.

If you have the ability to make self-directed payments from an IRA checkbook, checks must be deposited by Georgetown before December 31st to qualify toward your RMD. Be sure to mail checks early and confirm receipt with the Office of Planned Giving. If you’re unsure funds will arrive before the end of the year, have your IRA account holder issue them directly to Georgetown on your behalf.

If you would like to learn more about using your IRA to make a QCD to Georgetown, please contact the Office of Planned Giving at (800) 347-8067, by email at plannedgiving@georgetown.edu or through our information request form. You can also download our information sheet on IRA Qualified Charitable Deductions.

The information on this website is not intended as legal, financial, or tax advice. Please consult an attorney, financial advisor, or tax advisor in your planning.