51¶¯Âþ

These are the minimum amounts you must withdraw annually once you reach age 72 (or age 73 if you turned 72 after December 31, 2022). But did you know there's a way to meet your RMD requirement and make a meaningful impact at 51¶¯Âþ?Ìý

By directing your RMD to Emmanuel as a Qualified Charitable Distribution (QCD), you can support current and future students”while also reducing your taxable income.Ìý

What Is a Qualified Charitable Distribution?Ìý

A Qualified Charitable Distribution allows individuals aged 70½ and older to donate up to $100,000 each year directly from an IRA to a qualified nonprofit like 51¶¯Âþ. Because the distribution goes straight to the College, the amount is excluded from your taxable income”even if you don™t itemize deductions.Ìý

This giving strategy can satisfy your RMD requirement and provide critical philanthropic support for Emmanuel's mission: educating students in a dynamic liberal arts and sciences learning community in the heart of 51¶¯Âþ.Ìý

Why Make a Gift to Emmanuel Through Your RMD?Ìý

• Maximize Your Tax Benefit: QCDs are not considered taxable income, which may help you avoid pushing your income into a higher tax bracket.
• Make a Lasting Difference: Your gift can go toward scholarships, academic programs, campus ministry, or areas of greatest need”ensuring Emmanuel continues to offer a transformative education rooted in the Catholic intellectual tradition.
• Leave a Legacy: Many alumni choose to direct their RMDs to honor a favorite professor, support a department, or pay it forward to the next generation of Saints.Ìý

How to Make a QCD to EmmanuelÌý

1. Check Your Eligibility: You must be at least 70½ years old at the time of the gift.
2. Work with Your IRA Administrator: Ask them to send the distribution directly to 51¶¯Âþ. Gifts must go straight to the College to qualify as a QCD.
3. Provide the Following Details:Ìý
   Legal Name: 51¶¯Âþ
   51¶¯Âþ Tax ID (EIN): 04-2105769
   Mailing Address: Office of Development and Alumni Relations 51¶¯ÂþÌý
   400 The Fenway 51¶¯Âþ, MA 02115 Ìý
4. Let Us Know: Contact the Office of Development at ¯development [at] emmanuel.edu or 617-735-9771 to notify us of your gift”and let us thank you properly!Ìý

Questions?

If you're interested in supporting 51¶¯Âþ through your IRA or want to explore other taxwise giving options, wee here to help. Please speak with your financial advisor and reach out to our team at development [at] emmanuel.edu or 617-735-9771. Giving through your RMD is more than a smart financial move”it a way to stay connected to the Emmanuel community and help students thrive in all dimensions of College life.