Qualified Charitable Distributions

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Qualified Charitable Distributions


Support your passion!

If you are at least 70½ years old, you are eligible to make a Qualified Charitable Distribution (QCD) from a traditional or Roth IRA. Distributions to the University of Virginia will be excluded from federal income.

You may contribute your QCD gift to the University or any of its schools, units, programs, or related foundations. For a distribution to the University, please designate The Rector & Visitors of the University of Virginia, tax ID #54-6001796. For a distribution to a University-related foundation, please insert the name and tax ID in the sample letter where indicated. We will be happy to provide you with that information on request.

You may further designate your gift for either unrestricted or restricted use by the recipient. If you wish to restrict your QCD to support a particular program or priority, we recommend you contact us first to review your intended provisions so we can be certain we can carry out your wishes.

You may choose two or more beneficiaries by assigning a percentage of your total gift to each.