Office of Gift Planning — Wills, Trusts, & Estates

QCD Donor Toolkit

Now that the law is permanent, a Qualified Charitable Distribution (QCD) from your IRA is a tax-wise and easy giving option that you may use at any time during the calendar year. Just remember that, for tax purposes, the distribution counts in the year in which you make the gift.

The QCD Toolkit includes two sample letters provided as templates. You can open the templates and insert your information. Or, you may use the sample letters as models.

1. The first letter directs your IRA plan administrator to make a distribution directly to the University from your IRA account.

If you write your own letter to your plan administrator, please note that the Tax ID number is essential to your distribution request. We also recommend that you not modify the technical language.

2. The second letter notifies the University to expect the gift from your IRA. It also specifies how you want your gift to be used, whether unrestricted for UVA’s greatest need or designated for a specific purpose. You may use the list on page 2 to designate one or more beneficiaries. If you want to divide your gift, please apply percentage allocations.

For a more complete description of the IRS regulations, please see the toolkit for the most recent version of Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs).

Thank you for your generosity! Your gift will support the University’s endless pursuit of knowledge and discovery to serve the common good.

1. Sample letter to IRA Plan Administrator
2. Sample donor notification letter to UVA
charitable-form final-letter-to-uva

 


IRS Publication 290-B
Discusses distributions from individual retirement arrangements (IRAs)

p590b-irs

UVA Federal Tax ID Numbers

Contact the Office of Gift Planning for assistance and clarification.