The Details

The transfer generates neither taxable income nor a tax deduction, so you receive the benefit even if you do not itemize your deductions.

You may transfer up to $100,000 directly from your IRA until Dec. 31, 2011.
Call us for a sample letter you can give to your IRA administrator.

If you don't need the amount you're required to take annually from your IRA, this offers a good way to avoid the tax on those distributions.

You'll make an immediate impact at Freed-Hardeman University, allowing you to witness the benefits of your generosity.

Please note that this law does not include IRA transfers to charitable trusts, donor-advised funds, charitable gift annuities or supporting organizations.

Read a Personal Account

Several times in recent years I have utilized the Qualified Charitable Deduction as a means of giving tax-burdened money from my IRA to the church and to Freed-Hardeman without having to pay taxes on these amounts. I plan another such gift at the end of this calendar year since the QCD provision was approved by Congress for this year also. It seems likely that this provision will not be renewed for 2012.

Using the QCD has helped us to enlarge our family scholarship fund beyond what we would be able to do otherwise and we feel great satisfaction that this endowed scholarship fund has already helped several students attend FHU. Two of my great nieces are quickly approaching college age and intend to come here and we fully expect that this fund enriched by the tax-free character of the QCD will bless them as well.

This good opportunity is available to anyone with a healthy IRA. Let’s help FHU help worthy students!

Fraternally,
Dr. Clyde Woods

Have Questions?
Visit www.fhu.edu/giving or call Kyle Lamb at 731-989-6020.