If you are 70½ or older and have an IRA, you are already qualified!
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 students for years to come. Simply name Central Michigan University as a beneficiary of your IRA account, and the remaining assets (or a portion) of the account will be distributed to help us change lives.
Sample Beneficiary Designation
Legal name: Central Michigan University
Address: Carlin Alumni House, 524 E. Bellows St, Mt. Pleasant, MI 48859
Federal Tax ID number: 38-6004447
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. If you do not distribute the required minimum, you may be penalized, but a QCD allows a transfer up to $100,000 per individual or $200,000 per couple to satisfy your RMD.
Help CMU Students Achieve Their Dreams
When you make a qualified charitable distribution from your IRA to Central Michigan University, you will help us transform the lives of our students.
“We were at a point in our lives where we wanted to boost our charitable giving, and the IRA rollover gave us this opportunity. What a wonderful way to give while we are still living and be able to use the tax benefits from our Required Minimum Distribution to do some good.”
—Ron & Lue Newmann, QCD Donors
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 inspire students today. | 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 1 to ensure you receive your tax deduction for this year.
STEP 3
Please let us know about your generous gift!
We’d like to thank you and ensure your gift goes to the program or department you desire.