IRA Qualified Charitable Distribution (QCD)

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How It Works

IRA Account

  1. Instruct your IRA custodian to distribute assets directly to Berkeley. Download This Sample Letter of Instruction that can be filled out and sent to your IRA custodian.
  2. Your IRA distribution to Berkeley is tax-free.

    Please direct gifts to:
    University of California, Berkeley Foundation (TAX ID 94-6090626)
    Donor and Gift Services
    1995 University Ave Ste 400
    Berkeley, CA  94704-1058

TAX CODE REQUIREMENTS:

  • You must be 70 ½ or older at time of distribution.
  • Distribution cannot exceed $100,000 per year, per individual.
  • Distribution must come directly from IRA custodian.
  • You cannot receive any goods or services in return for the gift.

How You Benefit

Flexibility

No Income Tax

  • Your distribution is tax-free.
  • You can satisfy all or part of your required minimum distribution.
  • You can satisfy outstanding pledges with an IRA distribution.
For more in-depth information, please call one of our experts at 800-200-0575.