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IRA Charitable Rollover

Make the most of your retirement savings. Take advantage of a special US government provision, also known as a Qualified Charitable Distribution, to make a tax-wise gift to McGill. 

Here’s how you may benefit from making a gift through the IRA Charitable Rollover program: 

Reduce taxable income

Profit from possible income tax deductions. IRA charitable rollovers may count toward your Required Minimum Distribution.

Avoid hassle and paperwork

Benefit from a convenient way to support McGill. Your IRA Charitable Rollover will be processed by your IRA administrator.

Invest in your passion

Direct your gift to support the area of your choice. Give to your faculty, support students or fund an exciting project. 

Maximize your impact

Make sure your money goes straight to the cause. Gifts made through an IRA charitable rollover are distributed to McGill tax-free.

How to make your gift

Get expert advice

Consult with your tax advisor to discuss your financial situation. Ask about any impact specific to your state’s tax laws.

Contact your IRA administrator

Your gift must be transmitted by your IRA administrator. Send a letter requesting a direct charitable distribution to our US-based charitable affiliate, The Friends of McGill University, Inc.

 

Choose your cause

Passionate about supporting a specific faculty or project? Provide your IRA administrator with written instructions explaining how you would like to designate your gift.

Address your gift

Provide your IRA administrator with our address:

The Friends of McGill University, Inc.
P.O. Box 28137
New York, N.Y.
10087-8137

Note the essentials

  • IRA Charitable Rollovers must be addressed to: The Friends of McGill University, Inc.
  • Employer Identification Number (EIN): 23-7054819
  • You must be 70½ or older to qualify 
  • Your gift cannot exceed 100,000 USD per year
  • Your gift must be completed by December 31st the year in which you intend to count the distribution against taxable income

Legal Notes

1. Information on this site is of a general nature and not intended to constitute financial or legal advice. Please consult your income tax, financial and/or legal advisors before arranging a planned gift. 

2. All requests for information are confidential.

Contact us for more information

The Friends of McGill University, Inc.

Send Email

514-398-2787

 

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