Don’t need your IRA retirement savings as much as you once thought?
Learn more about how a qualified charitable distribution (QCD) can benefit you.
If you are 70½ or older and have an IRA, you are already qualified!
How a Qualified Charitable Distribution (QCD) Works
If you are 73 years old or older, your QCD can count towards your required minimum distribution (RMD)!
Did You Know?
You can also support our mission for years to come. Simply name the Southern Illinois University Foundation as a beneficiary of your IRA account, and the remaining assets (or a portion) of the account will be distributed so that students from all walks of life can receive a top-tier, innovative and inclusive education.
Information for Beneficiary Designation
Legal name: Southern Illinois University Foundation
Address: 1235 Douglas Drive, Carbondale, IL 62901
Federal Tax ID number: 37-6024575
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 charity, 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 $108,000 per individual or $216,000 per couple to satisfy your RMD.
HELP STUDENTS ACHIEVE GREATNESS
When you make a qualified charitable distribution from your IRA to the Southern Illinois University Foundation, you will help us shape future leaders, improve our communities, and transform lives.
“Using our RMD to fund the scholarship was very simple to set up with our advisor and it also offers tax-saving benefits. We would readily recommend it.”
– Dan and Kathy, SIU Donor
Find Out if a Qualified Charitable Distribution is Right For You
| I was born before . | Yes | No |
|---|---|---|
| I have a qualified IRA. | Yes | No |
| I want to help SIU students achieve greatness. | Yes | No |
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
1
Get started by selecting your IRA custodian and filling out your information below.
This information will be used to pre-fill your distribution form.
2
Once you have downloaded and completed the rest of your form, please mail the form to your IRA custodian.
We recommend mailing this by December 1 to ensure you receive your tax deduction for this year.
3
We’d like to thank you and ensure your gift goes to the program or department you desire.