Please read the message below from Fisk alumna and CFP Freddye Smith regarding an additional method for making contributions to Fisk University.
“As you know, the Worker, Retiree and Employer Recovery Act of 2008 suspended the Required Minimum Distribution for 2009 for those age 70 1/2 and over.
However, the IRS extended for 2009 a provision that allows IRA owners age 70 1/2 and older to make a tax-free donation of up to $100K directly to a charity from their IRS
This means that you could make a contribution to Fisk University by requesting a withdrawal form from your IRA custodian and making the distribution payable to Fisk. The custodian will send the check to you payable to Fisk.
Check with your tax preparer to see if the QCD applies to other defined contribution plans such as 401(k)s, 403(b)s, and 457’s.”