Tax-wise Giving from Your IRA

If you’re age 70.5 or older and have an IRA, you can make a gift to LVC and save on taxes—even if you don’t itemize.

It’s called a Qualified Charitable Distribution (QCD), and it’s fairly simple to do.

• Instruct your IRA administrator to make a distribution from the IRA directly to LVC. We’ll direct your gift to whichever College priority you choose.

• Gifts of up to $100,000 are eligible.

• You do not claim it as income for tax purposes since the distribution comes directly toThe Valley.

• And the Required Minimum Distribution (RMD) returns in 2021. A QCD gift will count toward your RMD (if you have one this year).

For many donors, a QCD is the most tax-advantaged way to support LVC students because it’s a gift made from pre-tax assets.

Please contact Joe Martellaro, director of gift planning, atmartella@lvc.edu or 1-866-LVC-1866 for additional information on IRA giving.