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Notify us of your QCD
If you check the box in this area, a module will open where you can enter your name and email to notify us of your QCD Rollover gift.
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Thank you for considering a QCD gift to us. The website link will take you to your QCD custodian's website, where you may be able to log in and make a gift to Western Michigan University Foundation. Another option is to use the phone number to call your QCD custodian. They will assist you in making a QCD gift. If you would like to notify us of your generous QCD, please complete the Notify us of your QCD section. Please note this is a time sensitive transaction. If the QCD is intended to satisfy your required minimum distribution for the current year, verify with your custodian that this transaction will be completed prior to December 31. If the transaction is not completed prior to December 31, you may be subject to penalties if you have not satisfied your required minimum distribution. |
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| Thank you for considering a QCD gift to us. A sample letter is available to send to your DAF provider. You may save and print the PDF of your letter. If you have email contact information for your DAF provider, you may send a PDF copy of your DAF letter or you may copy and paste the text into an email. You will need to enter the amount of your recommended grant and your DAF account number on the letter before mailing. If you would like to notify us of your generous gift, please complete the Notify us of your DAF Gift section. | ||||||
Qualified Charitable Distribution
What does QCD stand for? Simply put, it stands for tax-smart giving if you're 70½ or older.
While you can start taking distributions from your individual retirement accounts (IRAs) as early as age 59½, you're required to do so beginning at age 73. Normally, these distributions are subject to income taxes. Made permanent by Congress in 2015, the IRA Charitable Rollover provision allows you to donate up to $105,000 ($200,000 per couple) per calendar year from your IRA to the WMU Foundation once you've reached age 70½. Also known as qualified charitable distributions (QCDs), these gifts aren't considered taxable income when made directly from an IRA to the WMU Foundation.
Benefits of a Qualified Charitable Distribution (QCD) from an IRA
- Avoid taxes on transfers of up to $108,000 from your IRA to Western Michigan University Foundation.
- May satisfy your required minimum distribution (RMD) for the year.
- Reduce your taxable income, even if you do not itemize deductions.
- Make a gift that is not subject to the deduction limits on charitable gifts.
- Help more Broncos pursue their purpose and thrive.
How a QCD gift works
- Contact your retirement plan administrator to make a gift from your QCD to the WMU Foundation.
- Your QCD funds will be directly transferred to our organization to help the University and our students.
- QCD gifts do not qualify for a charitable deduction.
- Contact us if you wish for your gift to be used for a specific purpose.
Gifts from your IRA
If you are 70½ or older, you can use your IRA to fulfill your charitable goals. You can use the "Make a Gift From My IRA" tool to contact your IRA custodian and make a qualified charitable distribution. We will acknowledge your generous gifts as a QCD, which may satisfy your RMD, if applicable.
Contact us
To learn more about the value of making a QCD, please contact us. We'd be happy to answer your questions.
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