Mount Magazine Fall 2021 - Flipbook - Page 21
SEE THE IMPACT
OF YOUR GENEROSITY
Your individual retirement account (IRA) is
Another Way to Give
an extremely easy way to support education
If you are not 70½, or you simply want to preserve your
opportunities at Mount Saint Mary’s University.
retirement funds for now, you can still make a difference by
If you are 70½ or older, you can use the IRA charitable
rollover (sometimes referred to as a qualified charitable
distribution) to make a tax-free gift to MSMU.
You can transfer any amount up to $100,000 per year.
Along with the immediate difference you will make
at the Mount, your gift benefits you as well:
designating MSMU as beneficiary of a percentage of these
assets. As little as 1% is all it takes to have a meaningful
impact on our students.
Contact Maria Solano, CSPG, Gift Planning Officer,
at 213.477.2536 or firstname.lastname@example.org to learn more,
or visit msmu.edu/plannedgiving today.
• You will not pay income taxes on the gift.
• Your gift will be put to use today, allowing
you to see the difference you are making.
• Beginning in the year you turn 72, you can
use this transfer to satisfy all or part of your
required minimum distribution.
“I am so appreciative of your scholarship support,
as it has given me the courage to pursue my career
as a musician. It allows me to focus on studying,
collaboration, and growing professionally, and I will
make the most of it through the rest of my education.”
— Emily Webster-Zuber ’23
Fall 2021 Mount Magazine