IRA Qualified Charitable DistributionCharitable Rollover

If you are age 70½ or older, a Qualified Charitable Distribution (QCD), also called an IRA rollover gift,  may be one of the most tax advantageous ways for you to support York University. Gifts made through an IRA (up to $111,000 per year in 2026) are not reportable as taxable income. They also qualify for your required minimum distribution (RMD) for those age 73 years and older. Guidelines for the IRA Qualified Charitable Distribution:

• The individual must be 70½ or older when the QCD is made.
• Contributions must be from traditional IRAs. QCDs cannot be made from ongoing employer-sponsored IRAs (Simplified Employee Pensions [SEP-IRAs] and Savings Incentive Match Plan for Employees [SIMPLE-IRAs]) or from defined contribution retirement plans, such as 401(k) plans or 403(b) plans.
• QCDs count toward an individual's Required Minimum Distribtion (RMD) (for example, an individual who is required to take a distribution of $5,000 in a year may elect to make a QCD of $3,000 so that the individual has to withdraw only the remaining $2,000 and include it in taxable income).
• Recipient must be a public charity with 501(c)(3) status. It may not be a donor advised fund or supporting organization.
• QCDs generally must be outright gifts only, no gifts for a life income arrangement. The Legacy IRA Act of 2023, does allow a one-time QCD to fund a charitable gift annunity or a remainder trust - for more information on this option, please contact the YU Advancement Office at 402-363-5664.
• Transfer must be made directly from the IRA trustee to the receiving charitable organization.
• In 2026, the maximum QCD is $111,000 (increased from $108,000 in 2025), although a spouse can also make up to a $111,000 QCD if the couple files a joint income tax return.

Details about a rollover gift