Dec. 17, 2018 - Taking a distribution from your IRA this year means you will likely pay more in taxes and may even reach a higher tax bracket. Rolling over part of your IRA’s required minimum distribution (RMD) to a charity you care about can help reduce your tax bill while supporting causes dear to your heart.
When you give to CSU Channel Islands, you help further the University's mission and support those who need it the most - our students. Review the list below to see why a gift to our University is mutually beneficial.
- Satisfies your annual required minimum distribution (RMD) up to the amount
of your gift; - Allows you to give from pre-tax assets and your distribution is excluded from
taxable income; - Helps avoid limits on charitable deductions and prevents you from being
pushed into a higher tax bracket; - Simplifies the giving process. It's easy to do – just notify your IRA custodian;
- Minimizes the effect your giving has on your cash flow. The gift is from your
assets, not your checkbook.
Are you ready to Channel Your Passion? Your commitment to give students a valuable CSUCI education opens the door to all of life’s opportunities for them.
For information, contact Grace Robinson, Director of Planned and Major Gifts at 805-437-3615 or grace.robinson@csuci.edu.