If you are 70½ or older and have an IRA, you are already qualified!
How a Qualified Charitable Distribution (QCD) Works
You are at least 70½ years old with IRA funds you no longer need
Make a qualified charitable distribution (QCD) from your IRA
Your QCD goes directly to Grove City College, supporting a cause you care about
*If you are 73 years old or older, your QCD can count towards your required minimum distribution (RMD)!
Did You Know?
Sample Beneficiary Designation
Legal name: Grove City College
Address: 100 Campus Drive, Grove City, PA 16127
Federal Tax ID number: 25-1065148
Discover the Benefits of a Qualified Charitable Distribution (QCD)
Reduce Your Taxable Income
When you take funds from your IRA, they count as taxable income. But if you transfer them directly to Grove City College, you reduce your taxable income while satisfying your RMD.
Fulfill Your Required Minimum Distribution (RMD)
After you turn 73, you must distribute funds from your IRA. If you do not distribute the required minimum, you may be penalized, but a QCD allows a transfer up to $105,000 per individual or $210,000 per couple to satisfy your RMD.
When you make a qualified charitable distribution from your IRA to Grove City College, you will help us transform students’ lives through Christ-centered learning for years to come.
“There are lots of places to invest your resources these days, but I think it’s wise to consider a Charitable Gift Annuity. It’s the least I could do for all the difference Grove City College has made in my life.”
—Don McConnaughy ’63, QCD Donor
Find Out if a Qualified Charitable Distribution is Right For You
|I was born before .
|I have a qualified IRA.
|I want to transform students’ lives today.
You’re qualified to make this type of gift!
It looks like there are still some requirements that need to be met!
Take Your Next Steps
Get started by selecting your IRA custodian and filling out your information below.
This information will be used to pre-fill your distribution form.
Once you have downloaded and completed the rest of your form, please mail the form with the letter below to your IRA custodian. We recommend mailing this by December 1 to ensure you receive your tax deduction for this year.
Please let us know about your generous gift!
We’d like to thank you and ensure your gift goes to the program or department you desire.