Gift & Estate Planning
Maximize your Philanthropic Goals
IRA Charitable Rollover
You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older, an IRA charitable rollover is a way you can help continue our work and benefit this year.
Flowchart: Donor directs IRA custodian to make an IRA charitable rollover gift to Hillsdale.
Benefits of an IRA charitable rollover
- Avoid taxes on transfers of up to $100,000 from your IRA to our organization
- Make a gift that is not subject to the deduction limits on charitable gifts
- Help further the work and mission of our organization
How an IRA charitable rollover gift works
- Contact your IRA plan administrator to make a gift from your IRA to us.
- Your IRA funds will be directly transferred to our organization to help continue our important work.
- Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
- Please contact us if you wish for your gift to be used for a specific purpose.
If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.
Gifts from an Individual Retirement Account ("IRA") must be received by the College by December 10th and processed in advance of December 31st. Pursuant to IRS regulations, gifts from an IRA must be withdrawn in the calendar year of which they are made, or the distributions will be counted in the following year.