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IRA Charitable Rollover

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The IRA charitable rollover is now permanent and is a terrific way to make a tax-free gift to the Brooklyn College Foundation using your qualified retirement plan. This gift may also satisfy your required minimum distribution (RMD).

How Do I Qualify?

  • You must be 70 ½ years old or older at the time of the gift.
  • Gifts must go directly from your IRA to the Brooklyn College Foundation.
  • Gifts must come from an IRA account.
  • Gifts cannot exceed $100,000 per donor.

Benefits of an IRA Charitable Rollover Gift

  • Gifts can satisfy your RMD without increasing your income taxes.
  • You will not pay taxes on your IRA withdrawal when gifted to the Brooklyn College Foundation.
  • You may direct your gift to a program or department of your choice.
  • It is a wonderful way to have an immediate impact on the lives of our students and their families.

The Office of Planned Giving can provide you with a letter to send to your IRA administrator to make an IRA charitable rollover. 

For more information on this gift or any other of our gift planning options, please contact:

Beth Farryn Levine
Associate Executive Director
Brooklyn College Foundation
718-951-5074, x2032
bflevine@brooklyn.cuny.edu