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 Hillsdale 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?
You can also support the cause of liberty for years to come. Simply name Hillsdale College as a beneficiary of your IRA account, and the remaining assets (or a portion) of the account will be distributed to help us remain fiercely independent and uncompromised in our mission.
Sample Beneficiary Designation
Legal name: Hillsdale College
Address: 33 E. College Street, Hillsdale, MI 49242
Federal Tax ID number: 38-1374230
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 Hillsdale, 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 of up to $108,000 per individual or $216,000 per couple to satisfy your RMD.
Revive American Education
When you make a qualified charitable distribution from your IRA to Hillsdale College, you will help us provide an excellent, rigorous, classical liberal arts education for bright and ambitious students—our future leaders.
“I love knowing that when I give directly from my IRA to Hillsdale College, not only did I put money into my IRA tax-free when I was working, and not only did it grow tax-free all this time, but now I can give it tax-free to the best college in the country, and as a 501(c)(3) they don’t pay a penny of tax on it either. That’s a WIN four times over!”
—Hillsdale College Donor
Find Out if a Qualified Charitable Distribution is Right For You
| I was born before September 28, 1954. | Yes | No |
|---|---|---|
| I have a qualified IRA. | Yes | No |
| I want to make a difference today. | 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
Step 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.
STEP 2
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.
STEP 3
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.