IRA Qualified Charitable Distribution
If you are age 70 ½ or older, the IRA Qualified Charitable Distribution (QCD) allows you to take the required minimum distribution from your individual retirement account, skip the tax and make a meaningful gift to support Auburn University.
Because Auburn is a nonprofit organization, there is no tax paid on the transfer. All or part of your required minimum distribution may be met, and the money goes straight to work supporting a program or cause you care about at Auburn.
How to make a QCD:
- Request a QCD form from your investment company.
- Complete the form and return it to your investment company.*
- Let us know you are making a QCD gift and how you want it to be used by emailing email@example.com or calling (334) 844-7375.
- That’s it – you’re done!
* Use the following information on the QCD form:
Charity name: Auburn University Foundation
Tax ID: 63-6022422
317 South College Street
Auburn, Alabama 36849