IRA Charitable Rollover
You may be looking for a way to make a big difference to the mission of the Brockport Foundation. If you are 70 ½ or older, an IRA charitable rollover is a way you can help support our students' and receive benefits for this year.
Last year, in response to COVID-19, the CARES Act waived required minimum distributions (RMD) for 2020. This year, and beyond, the RMD is back and the same rules that were in effect at the beginning of 2020 are back in place. Although the rules may change again, in 2022 so it's crucial that you stay informed and understand the RMD rules. Come back here often for the latest information and tips on maximizing your giving options.
Benefits of an IRA charitable rollover
- Avoid taxes on transfers of up to $100,000 from your IRA to Brockport.
- Make a gift that is not subject to the deduction limits on charitable gifts.
- Help further the work and mission of our organization.
How an IRA charitable rollover gift works
- Contact your IRA plan administrator to make a gift from your IRA to Brockport.
- Your IRA funds will be directly transferred to our organization to help continue our important work.
- Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
- Please contact us if you wish for your gift to be used for a specific purpose.
Contact us
If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.
