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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:
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You must be age 70½ or
older.
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Your gift distribution
must be made directly from the IRA to the College.
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You do not pay tax on the
transfer from the IRA, so you will not receive a tax deduction for
your gift.
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Your gift counts toward
the required minimum distribution from your IRA.
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You may give up to
$100,000 by this method in 2008 and 2009.
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All gifts must be
received by December 31st to qualify for that year.
The
Office of College Advancement can guide you through the
process.
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