A Qualified Charitable Distribution (QCD), sometimes called an IRA Charitable Rollover, is a terrific way to make a tax-free contribution to Bellarmine University. 

You can make a gift of up to $105,000 per year from your IRA. Your gift will not be taxed as income to you. If you are subject to a required minimum distribution (RMD), a QCD counts toward satisfying your RMD. Even if you are not required to take an RMD but you no longer itemize your deductions, a QCD offers all the benefits of an income tax charitable deduction. 

These are some of the requirements for a QCD contribution: 

• You must be 70½ or older at the time of your contribution. 
• Your contribution must go directly from your IRA to Bellarmine. 
• Spouses with their own IRA accounts can each make contributions of up to $105,000.

Your IRA administrator can help you make a qualified charitable distribution from your IRA. Many administrators require you to use their QCD distribution form. Follow your financial institution’s forms and procedures to ensure you receive the tax benefits of a QCD.