How to make a QCD to Cornell | Smart gift plans | Giving to Cornell

Are you 70 ½ and older?

If you have a traditional IRA, there is another smart way to give to an area you care about at Cornell. You can make a contribution, also known as a Qualified Charitable Distribution (QCD), directly from your IRA that is 100% tax-free, whether or not you itemize deductions on your tax return.

In order for your gift to qualify as a QCD, you must be at least 70 ½ and be gifting from a traditional IRA*.

*Under certain circumstances, it is possible to make a qualified charitable distribution from a Roth IRA, but the requirements and tax implications may differ. We suggest that you speak with your tax advisor to understand whether it is appropriate for your situation.

Put your IRA required minimum distributions to great use:

When you direct your RMD to Cornell, it becomes a QCD—which is no longer considered taxable income. IRA owners who are at least 70 ½ may transfer as much as $100,000 directly each year, tax-free. Please visit the IRS website for additional useful information on QCDs.

Here is how to make this simple and tax-efficient gift to Cornell:

Complete your IRA distribution form and request a 3rd party check made payable to Cornell University.
Our tax ID is 15-0532082

Have the check mailed to us at:
Attn: QCD Gift Processing
Cornell University
130 E. Seneca St., Suite 400
Ithaca, NY 14850

Let us know about your forthcoming check by filling out this form:

Step 1 of 2

Check if you are qualified to make a QCD gift *

I was born before %min-age-70-5%

You must be at least 70½ or older to make a qualified charitable distribution from your IRA.

Check if you are qualified to make a QCD gift *

I want to make a gift from Traditional IRA

Roth IRAs are not subject to required minimum distributions (RMDs) during your lifetime and distributions are generally tax-free. Under certain circumstances, it is possible to make a qualified charitable distribution from a Roth IRA, but the requirements and tax implications may differ. We recommend that you speak with a tax advisor to understand whether it is appropriate for your situation.

Is this a gift annuity? *

No. I want to make a regular QCD gift.
Yes. I want to establish a charitable gift annuity with my QCD.

Filling out this form affirms that you have been in contact with the Office of Trusts, Estates, and Gift Planning and that you have reviewed the terms of your contract.

Help us anticipate and steward your gift correctly by filling out this form. Our office will then contact you when your check is received and will confirm your designation.

Full legal name *

First

Middle

Last

Preferred name

Date of birth *

Which financial institution will be issuing your check? *

What is the intended amount? *

When did you request the check from your custodian? *

Where would you like to direct your gift at Cornell?

You can choose which part of Cornell University your donation will support.

What is your email address? *

What is your preferred method of contact? *

Phone
Email

What is your tax-domicile address? *

Address Line 1

Address Line 2

City

State / Province / Region

Postal Code

Country

Additional notes or relevant information you would like to share