Chestnut Hill College depends on the generosity of alumni and friends who believe in its mission. Those who make planned gifts become members in the College's Hallmark Society. Their legacy is the foundation on which the College grows.
If you would like to make a planned gift, review the options below. We believe they offer creative giving strategies that will enhance your wellbeing, and that of your family, while providing valuable resources to Chestnut Hill College. Explore ... question ... and contact us. We can guide you in your choices as you make a difference for our students.
If you missed your chance to take advantage of the charitable IRA legislation in the past, you are in luck! On Dec. 18, 2015, the president signed into law the Protecting Americans from Tax Hikes Act of 2015. The new law made the IRA charitable rollover retroactive to Jan. 1, 2015, and will remain in effect for 2016 and beyond.
Donors 70½ or older are once again eligible to move up to $100,000 from their IRAs directly to qualified charities without having to pay income tax on the money.
Here is a quick recap of the IRA charitable rollover rules. Gifts qualify under the law if:
- The donor is age 70½ or older on the day of the gift.
- The donor transfers up to $100,000 directly from the donor's IRA to one or more qualified charities. This opportunity applies only to IRAs and not other types of retirement plans.
- The donor does not receive any goods or services in return for the rollover gift in order to qualify for tax-free treatment.
If you have any questions regarding the IRA Charitable rollover, please contact Director of Donor Relations and Stewardship, Denise Costello at firstname.lastname@example.org or 215-248-7089.