Support Hartford International University
with a Qualified Charitable Distribution from your IRA.
Your gift can educate religious leaders and train peacebuilders –
while also reducing your taxable income.
WHAT IS A QUALIFIED CHARITABLE DISTRIBUTION (QCD)?
A qualified charitable distribution is a distribution transferred directly from your IRA to a 501(c)(3) non-profit like HIU. Donors can give up to $100,000 a year from their IRAs as a QCD while simultaneously reducing their taxable income.
WHO IS ELIGIBLE TO MAKE A QCD?
Anyone above the age of 70 ½ can make a QCD. Once an IRA owner reaches the age of 72, they are required by law to make an annual withdrawal from their IRA, which is known as a Required Minimum Distribution (RMD). The Qualified Charitable Distribution made from your IRA will qualify towards your RMD AND reduce your taxable income.
Your gift must be made by December 31 in order to be counted as part of your RMD for this calendar year.
HOW DO I BENEFIT?
If you must take your required minimum distribution, QCDs are a good way to distribute the amount out of your IRA. Your QCD fulfills your desire to benefit the mission of HIU, counts against your required minimum distribution AND reduces your taxable income.
HOW CAN I MAKE A QCD TO HIU?
- Contact your IRA administrator and instruct that person to make a distribution by transferring the QCD funds directly to HIU. Here is a sample form for you to use.
- Help us credit your gift and thank you. Ask your IRA administrator to include your full name and mailing address on the gift. Also, ask your administrator to note that the transfer is an IRA Qualified Charitable Distribution.
- Send an email to development@hartfordinternational.edu to inform us of your intent or fill out the simple form below. (Many retirement providers do not provide donor information to the nonprofit recipient).
- Please use our legal name and federal tax ID:
Legal name: Hartford International University for Religion and Peace
Legal address: 77 Sherman Street, Hartford, CT 06105
Federal tax ID number: 06-0647016