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.

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

And the Required MinimumDistribution (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.