Individual Retirement Accounts (IRA) are powerful philanthropic tools. With the growth in the stock market over the last decade, along with changes through the Secure 2.0 Act including the raising of the starting age for withdrawals to age 73 beginning in 2023, there is great potential for schools, colleges, universities, hospitals, healthcare organizations and other non-profits in IRA giving. Many IRAs have more money in them than owners will ever need for income. This gives them the opportunity to be more philanthropic than they may have ever dreamed.
IRAs can be simple ways for donors to support your organization both now and in the future. Outright gifts through Qualified Charitable Distributions (QCD) or beneficiary designations do not require rewriting estate plans. Additionally, inherited IRAs are increasing rapidly. Congress recently required most heirs to complete the withdrawal of inherited IRA funds in 10 years. This can offer significant philanthropic opportunity for your institution or organization.
In this Gonser Gerber Institute “Quick Bite” program, we will explore the value of your donor’s Individual Retirement Accounts as a giving opportunity. We will review what an IRA is, what it can mean for your institution, and how to talk about it with prospects and donors.
About This Program
The cost for this Quick Bite Program is $89 for non-clients, and $79 for current clients. This fee is per institution, so the whole team can participate, and includes a copy of the webinar recording and presentation to be delivered by email once the program concludes.
Gonser Gerber Institute Quick Bite Programs are less than 30 minutes in length and are designed to present valuable content to the advancement profession quickly and efficiently. These are issues and topics that we think are timely, overlooked, or need to know now.
Jane Eaves, Gonser Gerber partner since 1999, provides comprehensive consulting services to colleges, universities, independent and Catholic schools, religious orders, major university alumni associations, and cultural organizations. An active speaker and lecturer with more than 35+ years of advancement experience, Jane has spoken on topics such as major gifts, capital campaigns, emerging trends in annual giving, development planning, and planned giving.