The Catholic University of America

University Advancement

Planned Giving

We are glad that you might be considering The Catholic University of America when evaluating your personal and financial objectives, and welcome you to the process of gift planning. Through this process, benefits provided to you and your family bring immediate and tax advantages to both you and your heirs and have a meaningful impact on the mission of Catholic University, beyond your lifetime and far into the future.

Planned gifts provide income and tax benefits to you, while increasing the endowment of the University and its schools and programs. Bequests fulfill your philanthropic goals by helping the University or the school or program of your choice.

You can make a gift to The Catholic University of America that will repay you this year--and every year thereafter.

Find the gift that's right for you... click here.



Be on Alert!
The IRA Charitable Rollover May be Back for 2014 
Special Opportunity – Make a Tax-Free Gift From Your IRA Today!
 

The Tax Increase Prevention Act of 2014 includes an extension for 2014 of the IRA charitable rollover. The Act passed the House on December 3, the Senate December 16, and now (as of the time of this email) awaits the President’s signature to become law. 

Some donors may have already made gifts from their IRAs, having followed the formalities necessary to meet the requirements as a qualified charitable distribution, and not reportable income. If the President signs the law, it will be retroactive to January 1, 2014. Therefore, these IRA distributions will qualify for the IRA charitable rollover. Donors who have not made a charitable IRA rollover gift must do so before December 31, 2014.

******

Please contact your financial advisor or IRA administrator to verify if the extension has been granted for 2014.  If it has, please continue reading…


If you are presently at least 70½ years of age, your chance to make a tax-free gift from your IRA for 2014 ends December 31st. 


IRA’s are among the most heavily taxed income. The larger an IRA grows, the larger the tax bill from force fed required minimum distributions becomes. This tax free transfer opportunity will allow you to direct funds from your IRA on a tax free basis, therefore reducing future tax liability by shrinking this asset.

Take advantage of the time left for you to be eligible to transfer up to $100,000.00 directly from your IRA to a qualified organization such as The Catholic University of America. The transfer generates neither taxable income nor a tax deduction, so you don’t have to itemize to take advantage of this opportunity.

Qualified Charitable Distributions (QCDs) are tax-free distributions (up to $100,000.00) from an IRA and are paid directly to an eligible charity such as CUA. These distributions can count towards meeting the Minimum Required Distribution (MRD) for the year.

You must notify your IRA administrator that you intend this transfer to be part of the Qualified Charitable Distribution plan. They will be able to instruct you on how you can easily make your IRA Rollover transfer. This is usually done:

  • By Check (issued to the charity by your IRA administrator)
  • Bank Wire (directly from your IRA account to the charity)
  • Personal IRA Check-Writing Feature (if you have an IRA check book then you simply need to notify your IRA administrator that your check counts as a Qualified Charitable Distribution)

This provision applies only to IRAs and not to 401(k)s, 403(b)s and other similar qualified retirement plans.  Gifts must be made directly to a qualified charity and may not be made to donor advised funds, private foundations or supporting organizations.

For additional information or instruction on how to make a wire transfer to The Catholic University of America, please visit our
webpage or contact Isabel de la Puente of the gift planning office at 202-319-6914, cell 301-370-0086, or at delapuente@cua.edu.  



To view the latest edition of our Planned Giving Newsletter, please click here.

Learn more about Planned Giving to CUA below:

Types of Estate Gifts Types of Assets
St. Thomas Aquinas Society