Qualified Charitable Distribution (QCD) or “IRA Rollover” Gifts for Donors Aged 70½ or Older

Gifts from Retirement Plans During Life Age 70½+ Diagram

How It Works

  1. You are 70½ or older and instruct your plan administrator to make a direct transfer of up to $100,000 to Stevens
  2. Plan administrator makes transfer as directed to Stevens

Benefits

  • Your gift is transferred directly to Stevens; since you do not receive the funds, they are not included in your gross income*
  • Your gift will count towards your minimum distribution requirement, which, under the 2019 SECURE Act, begins at the age of 72
  • You support the programs that are important to you at Stevens

*No income-tax deduction is allowed for the transfer.

More Information

Contact Us

Michael Governor
Director of Planned Giving
Email: michael.governor@stevens.edu
Office: 201-216-8967
Mobile: 201-388-8802

 

Stevens Institute of Technology
1 Castle Point Terrace
Hoboken, NJ 07030

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