IRA GIVING

Qualified Charitable Distributions (QCDs)

Why Make A Qualified Charitable Distribution (QCD)?

If you are over the age of 70½ and have an Individual Retirement Account (IRA), then Qualified Charitable Distributions may provide the most significant tax savings of any charitable contribution. Because the IRS forces you to make withdraws from an IRA beginning at age 70½, QCD's are great because they count toward the Required Minimum Distribution (RMD), but are not included as taxable income!

 

Two ways To Make a QCD to the Beta Theta Pi Foundation:

  1. Use the IRA Charitable Rollover Tool that specifically integrates with the forms for the top 14 financial institutions for IRAs).Or....

     

  2. Have your IRA administrator send a check from your account to the Beta Theta Pi Foundation. (In order to be tax free, the donation must be transferred directly to the Beta Theta Pi Foundation. Do not take the distribution yourself, then try to make a gift to the Foundation as you will forfeit the tax benefit on the initial withdrawl.) See transfer instructions below.

TRANSFER INSTRUCTIONS TO SHARE WITH YOUR IRA ADMINISTRATOR:

Legal Name: Beta Theta Pi Foundation

Address: 5134 Bonham Rd., Oxford, OH 45056

Beta Theta Pi Foundation Tax ID Number 80-0296934

 

PLEASE CALL LAURA LEDNIK AT 800.800.BETA IMMEDIATELY AFTER YOU INITIATE THE GIFT WITH YOUR FINANCIAL INSTITUTION. TOO OFTEN GIFTS COME THROUGH WITH NO DONOR NAME ATTACHED. CALLING LAURA WILL HELP ENSURE YOUR GIFT IS DIRECTED TO THE APPROPRIATE FUND AND ALLOW US TO SEND YOU A GIFT CONFIRMATION.

 

*Please consult with your own legal and financial advisors for professional tax advice