Gift Planning

Qualified Charitable Distribution (QCD) or “IRA Rollover” Gifts for Donors Aged 70½ or Older

Gifts from Retirement Plans During Life Age 70½+ Diagram

How It Works

  1. You are 70½ or older and instruct your plan administrator to make a direct transfer of up to $100,000 to Colgate
  2. Plan administrator makes transfer as directed to Colgate

Benefits

  • Your gift is transferred directly to Colgate; since you do not receive the funds, they are not included in your gross income*
  • Your gift will count towards your minimum distribution requirement, which, under the 2019 SECURE Act, begins at the age of 72
  • You support the programs that are important to you at Colgate

*No income-tax deduction is allowed for the transfer.

More Information

Contact Us

Andrew M. Coddington
Associate Vice President, Office of Advancement
Director of Planned Giving
(315) 228-7450
acoddington@colgate.edu

Kim Manner
Department Administrator
kmanner@colgate.edu
(315) 228-7450

 

Rebecca Calvert
Associate Director of Planned Giving
(315) 228-6936
rcalvert@colgate.edu

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The discussion herein is general in nature and may not apply to all individuals. Prospective donors are urged to consult their personal tax and financial advisors concerning the specific consequences of making gifts to Colgate. We would be pleased to discuss, in confidence, ways in which you may support Colgate. These measures may also have an impact on your estate planning.

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