Don’t need your IRA retirement savings as much as you once thought?
Learn more about how a Qualified Charitable Distribution (QCD) can benefit you.
How a Qualified Charitable Distribution (QCD) Works
You are at least 73 years old with IRA funds you no longer need
Make a qualified charitable distribution (QCD) from your IRA
Your QCD goes directly to SNU, supporting a cause you care about
*If you are 73 years old or older, your QCD can count towards your required minimum distribution (RMD)!
Did You Know?
You can also support the mission to make Christlike disciples through higher education for years to come. Simply name Southern Nazarene University as a beneficiary of your IRA account, and the remaining assets (or a portion) of the account will be distributed to help us make Christlike disciples through higher education.
Sample Beneficiary Designation
Legal name: Southern Nazarene University
Address: 6729 NW 39th Expressway, Bethany, OK 73008
Federal Tax ID number: 73-0587210
Discover the Benefits of a Qualified Charitable Distribution (QCD)
Reduce Your Taxable Income
When you take funds from your IRA, they count as taxable income. But if you transfer them directly to SNU, you reduce your taxable income while satisfying your RMD.
Fulfill Your Required Minimum Distribution (RMD)
After you turn 73, you must distribute funds from your IRA. If you do not distribute the required minimum, you may be penalized, but a QCD allows a transfer up to $108,000 per individual or $216,000 per couple to satisfy your RMD.
Transform the World
When you make a qualified charitable distribution from your IRA to Southern Nazarene University, you will prepare students for lives marked by Character, Culture, and Christ.
Find Out if a Qualified Charitable Distribution is Right For You
| I was born before November 20, 1954. | Yes | No |
|---|---|---|
| I have a qualified IRA. | Yes | No |
| I want to make a difference today. | Yes | No |
You’re qualified to make this type of gift!
It looks like there are still some requirements that need to be met!
Take Your Next Steps
Step 1
Get started by selecting your IRA custodian and filling out your information below.
This information will be used to pre-fill your distribution form.
STEP 2
Once you have downloaded and completed the rest of your form, please mail the form with the letter below to your IRA custodian. We recommend mailing this by December 1 to ensure you receive your tax deduction for this year.
STEP 3
Please let us know about your generous gift!
We’d like to thank you and ensure your gift goes to the program or department you desire.