IRA Charitable Rollover

Mside fans

You can use your Traditional Individual Retirement Account (IRA) to make a gift to your favorite charitable organizations, including Morningside College. Individuals age 72 and older can instruct their IRA administrators to make a direct distribution to Morningside and exclude the amount of the gift from their gross income for federal tax purposes. This gift may satisfy all or part of your required minimum distribution (RMD) and is not subject to the deduction limits for charitable gifts.

To be eligible:

  • You must turn 72 or older the year in which the rollover distribution is made. Note that the age at which you must first take an RMD was changed from 70 ½ to 72 on January 1, 2020. (Those who turned 70 ½ on or prior to December 31, 2019 must still abide by the former rule). 
  • Total charitable gifts cannot exceed $100,000 per taxpayer each year
  • Transfers from traditional and Roth IRAs must be made directly from the account administrator to Morningside College.

To make a gift:

  • Contact your IRA administrator to request a charitable distribution to Morningside College (Tax ID: 42-0680400)
  • Instruct your IRA administrator to indicate you or the donor’s name on the check and specify that the gift is an IRA charitable distribution.
  • Send the check to:

Morningside College
Institutional Advancement Office
1501 Morningside Avenue
Sioux City, IA 51106