Here is a tax-smart way to make an impact to Medical University of South Carolina Foundation 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 Medical University of South Carolina Foundation 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.
Benefits of an IRA Charitable Rollover Gift
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.
Through a simple bequest in his will, Matt Prisby is leaving a lasting legacy at the Medical University of South Carolina. Now, he is making an impact that will be greater than he ever thought was possible. Share your plans with us and learn more about how you can leave your own legacy at MUSC.
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You may now use an IRA rollover to reduce your taxable income. If you make your gift before Dec. 31, 2019, you can reduce your 2019 taxable income by up to $100,000.
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