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IRA Charitable Rollover

By taking a distribution from your IRA this year, you will likely pay more in taxes and may even reach a higher tax bracket. Rolling over part of your IRA’s “required minimum distribution” or “RMD” to a charity like College of Saint Mary can help reduce your tax bill.

If you are 72 or older and don’t need all of your RMD, you can make a gift of up to $100,000 this year to help further CSM’s mission. Compare the impact of taking your RMD versus the benefits of making an IRA charitable rollover gift to CSM:

Taking Your RMD

  • You pay income tax on your distribution
  • You may not need or want the money
  • Your tax dollars go to Washington
  • You are limited by the RMD rules
     

Making an IRA Gift

  • You will pay no income tax on your gift
  • You can help support your favorite causes
  • Your gift can help build your charitable legacy
  • You can use your IRA in the way you want
     

For more information, contact: Sara Titus, JD, Director of Planned Giving at stitus [at] csm.edu or 402-399-2331.