IRA Gifts

If you are considering a large charitable donation, a CPA or financial advisor can help you minimize your tax liability and maximize the value and impact of your gift by choosing the right strategy or combination of strategies for your situation.

A Qualified Charitable Distribution (QCD) is a withdrawal from an individual retirement account (IRA) that’s made directly to an eligible charity. IRA account holders who are at least age 70 1/2 can contribute some or all of their IRAs to MIU through a QCD.

If you are at least 72 years of age, and own a traditional IRA, you are required to make a minimum distribution every year; this distribution can be a QCD made directly from your IRA to MIU. QCDs are not counted as taxable income, they offer tax advantages that can maximize your charitable impact.

DONATE FROM YOUR IRA:

Please have your broker write the contribution check to “MIU” and send it to the following address:

MIU Development Office

1000 North 4th

Fairfield, IA 52557

NOTE 1: Your broker may require a specific form for your IRA gift distribution – contact your broker to learn their requirements

NOTE 2: MIU’s Federal EIN/Tax ID Number: 42-1315493

For more information or help with your donation, contact Eric Stakland at 641-209-5478.

NOTIFY MIU THAT YOU HAVE MADE A QCD DONATION:

After your broker makes your QCD donation to MIU, please submit the form below to let us know that the donation is from you and how you want the donation to be used.