IRA Charitable Distributions

Have you used your IRA distribution for a charitable gift?

You can give from your IRA directly to a qualified charity such as Penn State Hillel and save the income taxes on the money. Making a gift from your IRA can be both simple and beneficial! The maximum amount is $100,000 for a QCD; that can buy a lot of coffee for our students!

How does this help Penn State Hillel and you?

  • Your gift will be put to use today, allowing you to see the impact now
  • Beginning in the year you turn 72, you can use your gift to satisfy all or part of your required minimum distribution (RMD).
  • You pay no income taxes on the gift. The transfer generates neither taxable income nor an income tax charitable deduction, so you benefit even if you do not itemize your deductions.
  • Since the gift doesn’t count as income, it can reduce your annual income level. This may help lower your Medicare premiums and decrease the amount of Social Security that is subject to tax.

You can use this language to set up an IRA Distribution directed to Penn State Hillel.