IRA Charitable Distribution

The IRA charitable distribution is now permanent and is a terrific way to make a tax-free gift to Franklin & Marshall College using your qualified retirement plan. This gift may also satisfy your required minimum distribution (RMD).

How Do I Qualify?

  • You must be 70 ½ years old or older at the time of the gift
  • Gifts must go directly from your IRA to F&M
  • Gifts must come from a traditional IRA or Roth IRA account (other retirement plans such as 401(k)s and 403(b)s are not eligible)
  • Gifts in any year cannot exceed $100,000 per donor 

Benefits of an IRA Charitable Distribution Gift

  • Gifts can satisfy your RMD without increasing your income taxes
  • You will not pay taxes on your IRA withdrawal when gifted to F&M
  • You may direct your gift to a college program or area of your choice 
  • It is a wonderful way to create an immediate impact in the lives of F&M students

To initiate an IRA charitable distribution, contact your IRA administrator. Click here for a sample letter requesting a distribution be made to F&M. 

For more information on this gift or any other of our gift planning options, please contact:

Mary Ann M. Cooke, J.D. ’90
Director of Gift Planning
(717) 358-4821
mcooke@fandm.edu