Financial Rescue Package Brings Back Special Tax Breaks for IRA Gifts

Gift

 

Once again you can give to Manchester College directly from your IRA without incurring income tax on the distribution.  Thousands of Manchester College alumni and friends qualify!

 

Here's how:

  • You must be age 70½ or older.

  • Your gift distribution must be made directly from the IRA to the College.

  • You do not pay tax on the transfer from the IRA, so you will not receive a tax deduction for your gift.

  • Your gift counts toward the required minimum distribution from your IRA.

  • You may give up to $100,000 by this method in 2008 and 2009.

  • All gifts must be received by December 31st to qualify for that year.

The Office of College Advancement can guide you through the process.

 

Giving to Manchester College
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Office of College Advancement
Alumni Links


Contact the Office of College Advancement:

giving@manchester.edu

260-982-5218
toll free 888-257-2586

Make a Gift Online