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Planned Giving Office

Sally Cleary, CFRE
Vice President for Institutional Advancement
Phone: (973) 290-4455
scleary@cse.edu

IRA Charitable Rollover

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Here is a tax-smart way to make an impact to College of Saint Elizabeth using your traditional or Roth IRA. The IRA charitable rollover (also called the Qualified Charitable Distribution, or QCD) is a great way to make a tax-free gift to College of Saint Elizabeth and satisfy your Required Minimum Distribution (RMD). If you are not required to take an RMD but no longer itemize your deductions, then a QCD may be right for you as well.

How Do I Qualify?

The IRA charitable rollover (QCD) offers multiple benefits for making gifts from your traditional or Roth IRA.

  • You must be 70 ½ years or older at the time of the gift.
  • Gifts must go directly from your IRA to College of Saint Elizabeth.
  • Gifts must come from a traditional IRA or Roth IRA account.
  • Gifts cannot exceed $100,000 per donor per year.

Benefits of an IRA Charitable Rollover Gift

  • If you don’t itemize deductions and are not yet required to take your RMD, a QCD offers all of the benefits of an itemized income tax charitable deduction
  • If you are age 72 or older and must take your RMD, a QCD can satisfy your RMD without increasing your income taxes.
  • You may direct your gift to a program or area of your choice. 
  • It is a wonderful way to create an immediate impact on College of Saint Elizabeth.

How can I make an IRA Charitable Rollover?

Contact your IRA administrator for their QCD distribution form and information on the procedure to make such a gift.

College of Saint Elizabeth can provide you with a letter to send to your IRA administrator to make an IRA charitable rollover. If you are interested in making such a gift or would like more information, please call 973-290-4455 or email scleary@cse.edu.

 

Who We Are

Founded in 1899 by the Sisters of Charity of Saint Elizabeth, the College of Saint Elizabeth has a strong tradition of concern for the poor, for developing leadership in a spirit of service and social responsibility, and a commitment to the promotion of women as full partners in society.

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2 Convent Road
Morristown, NJ 07960-6989
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