Required Minimum Distribution – Charitable IRA Rollover

Have you ever considered making a donation to Midland through your IRA? Doing so not only allows you to continue to make an impact on students, but it also helps you minimize taxes!

Qualified Charitable Distributions (QCDs)

Starting at age 70 ½, you can choose to make qualified charitable distributions, also called the charitable IRA rollover, through your retirement account.

• Donor must be 70 ½ or older at the time of transfer.
• The maximum amount you can contribute is $100,000 per year (married couples who file jointly each qualify for an annual QCD up to $100,000).
• The gift must be outright and transferred directly from the IRA account by the IRA administrator to Midland University.
• Such transfers are not included as taxable income and may not be claimed as a charitable income tax deduction. Check with your financial advisor to see how this applies to you.

Required Minimum Distributions (RMDs)

Starting at age 72, the IRS mandates annual withdrawals from your IRA, also known as required minimum distributions. Charitable Giving with an RMD may provide greater tax savings than traditional cash donations if made with a Qualified Charitable Distribution.

Beneficiary Designations

Many choose to make Midland University the beneficiary of an IRA or other retirement assets. Visit with your plan administrator to learn more about designating a charity as your beneficiary. Have you already designated Midland University as a beneficiary of a retirement plan? Let us know! We’d like to recognize you in our Victory Society and visit about an area of support for your deferred gift.

Thrivent Choice Dollars

Thrivent Choice is a program through which members can designate their available Choice Dollars toward various organizations, including Midland University. If you are a Thrivent policy holder or hold a volunteer leadership position, just follow these simple instructions and you can designate your Choice Dollars.

1. Go to the Thrivent website and sign in with your username and password or register for an account in the upper right hand corner of the page.
2. Once you have registered and signed in, select the Direct Choice Dollars tab for Thrivent Choice.
3. In the middle of the next page, type in Midland University in the Organization Name box and click search.
4. Next to Midland’s name (900 N. Clarkson St., Fremont, NE), click the Direct Now button. You will be able to assign all or part of your choice dollars to us.
5. Click the Submit button and your Thrivent Choice Dollars will be sent to Midland University.

Join the Victory Society

By including Midland University in your estate through a planned gift or by providing a perpetual gift, you can maximize the impact of your assets and do much more than you ever dreamed possible, often leaving an equal amount to your heirs and extending this gift to support Midland University. There are several ways to provide a planned or perpetual gift to Midland University:

• Bequest
• Beneficiary Designation
• Charitable Remainder Trust
• Charitable Lead Trust
• Real Estate & Other Property
• Perpetual Scholarships

Do you already have Midland University in your will or interested in making a planned gift? We’d love to recognize you as one of Midland’s Victory Society members, 250+ members strong!

For More Information

For more information about charitable and planned giving, contact Laura Jensen at jensen@midlandu.edu.

Information provided is for general informational purposes only and not intended to constitute legal or financial advice. We encourage you to consult your financial or tax advisor regarding your philanthropic giving.