Other Ways to Help

Traditional IRA Charitable Rollover gifts

People age 70½ and older can transfer up to $100,000 per year from individual retirement accounts (IRAs) to charity— without incurring federal income taxes today or estate and income taxes in the future. 

Here's How an IRA Qualified Charitable Distribution (QCD) Works:

• You must be 70 ½ or older at the time of distribution.
• You may distribute an amount, not to exceed $100,000 in a calendar year, to Divine Word College or more public charities, so long as it is completed by December 31 of the year in which you intend to make the charitable distribution. The amount of the distribution will be reduced by any deductible contributions made to an IRA on or after you reach 70 ½.
• Your IRA administrator must make the distribution directly to Divine Word College 

Donor Advised Funds

What is a donor-advised fund? A donor-advised fund (DAF) is a type of giving program that allows you to combine the most favorable tax benefits with the flexibility to easily support Divine Word College. An increasingly popular charitable vehicle, DAFs are an excellent way to both simplify your charitable giving and facilitate your strategic philanthropic goals. 

How does it work? 

• Establish your DAF by making an irrevocable, tax-deductible donation to a public charity that sponsors a DAF program 
• Advise the investment allocation of the donated assets (any investment growth is tax-free) 
• Recommend grants to Divine Word College and your other favorite charities 

What are the main advantages of a donor-advised fund? 

Simplicity – The DAF sponsor handles all record-keeping, disbursements and tax receipts. 

Flexibility – Timing of your tax deduction can be separate from your charitable decision making. 

Tax-efficiency – Contributions are tax-deductible and any investment growth in the DAF is tax-free. It is also easy to donate long-term appreciated securities, eliminating capital gains taxes and allowing you to support multiple charities from one block of stock. 

Family legacy – A DAF is a powerful way to build or continue a tradition of family philanthropy. 

No start-up costs – There is no cost to establish a donor-advised fund. However, there are often minimum initial charitable contributions to establish the DAF (typically $5,000 or more).**

No transaction fees – Once approved, 100% of your recommended grant goes to your qualified public charity of choice.**

** Sponsoring organizations generally assess an administrative fee on the assets in a DAF. These fees vary by sponsoring organization.