Did you know that you could make a tax-free gift directly from your IRA account? If you are age 70½ or older and are required to take minimum withdrawals, this may be a great way to make a gift to a qualified charity such as SUNY Cobleskill Foundation.
When you make a rollover directly to a qualified charity, you can satisfy your Required Minimum Distribution (RMD). An added benefit: your qualified charitable distribution can be excluded from your gross income for federal income tax purposes (state charitable deductions vary, check with your financial advisor). Your gift is not subject to the 60 percent deductibility ceiling.
For information about giving to SUNY Cobleskill by way of an IRA rollover, or any other form of giving, contact John Zacharek, Vice President for Development, at 518-255-5524 or firstname.lastname@example.org.