Are you preparing to take your required minimum distribution from your IRA? A withdrawal strategy that funds a charitable gift may be a wise choice.

The IRA qualified charitable distribution (or, as it is also known, IRA charitable rollover) allows you to make a tax-smart gift to Carnegie Mellon. When you make a gift from your IRA of up to $100,000, you satisfy your required minimum distribution without increasing your taxable income. Although you don’t get an income tax charitable deduction for the gift, you don’t pay taxes on your IRA withdrawal.

The IRA qualified charitable distribution is an easy way to make a gift that will avoid taxation and make a real impact on CMU.

If you are 70½ or older, you can tell your IRA administrator to transfer your gift directly from your IRA account to Carnegie Mellon. Contact us or visit us at giftplanning.cmu.edu/IRA-QCD