Suppose you are over the age of 70½ and have an Individual Retirement Account (IRA). In that case, a Qualified Charitable Distribution (QCD) to the Beta Foundation may provide the most significant tax savings of any charitable contribution. While you are eligible to make a QCD beginning at age 70½, when you turn 72 you must take a Required Minimum Distribution* (RMD) from your IRA. A QCD counts towards that RMD.
To make a QCD, direct your IRA administrator to send a check from your account to the Beta Theta Pi Foundation.
Note: To be tax-free, the donation must be transferred directly to the Beta Theta Pi Foundation. Do not take the distribution yourself before making the gift to the Foundation, as you will forfeit the tax benefit on the initial withdrawal.
Transfer Instructions:
Legal Name: Beta Theta Pi Foundation
Address: 5134 Bonham Road, Oxford, Ohio 45056
Beta Theta Pi Foundation Tax ID Number: 80-0296934
Important Note:
Gifts often arrive with no donor name attached. To avoid this, please call Laura Lednik at 800.800.BETA (2382) immediately after initiating a gift with your financial institution so we can ensure your gift is directed to the appropriate fund and allow us to send a gift confirmation.
*Please consult with your own legal and financial advisors for professional tax advice.
