Send a note to Harvard Chan School about IRA Rollover Distribution

E-mail Tina Lin at tclin@hsph.harvard.edu this note:

Dear Tina,

I’ve just written my IRA administrator at ____________________ and requested a distribution of $____________________ to support Harvard Chan School for ______________________. 

Let me know when you receive notification of the gift.  Thank you!

 

The IRA charitable rollover is now permanent and is a terrific way to make a tax-free gift to Harvard T.H. Chan School of Public Health using your qualified retirement plan.  This gift may also satisfy your required minimum distribution (RMD).

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 Harvard T.H. Chan School of Public Health.
  • 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 Harvard T.H. Chan School of Public Health.

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. Calculate your RMD here.