Qualified Charitable Distributions

A QCD, sometimes called an IRA Charitable Rollover, is a gift from your Individual Retirement Account (IRA) to a qualified charitable organization like Wheaton College. A QCD is a tax-effective way to give charitably with many advantages:

It is a win-win for you and the Wheaton students you support through your charitable giving! You must be 70.5 or older to make a QCD, and you can give up to $105,000 each year via QCDs. The QCD must come directly from your account to the charity. Note: you cannot make a QCD to a donor advised fund or charitable gift annuity.

The following information can be provided to your retirement account custodian to initiate a QCD:

Legal Name:                   Wheaton College

Taxpayer ID:                   36-2182171

Permanent Address:    501 College Avenue, Wheaton, IL 60187

Your retirement account custodian should include your name and address with the transmittal of funds. Include any designation of the gift, such as to a scholarship or to the Wheaton Fund. You should retain all documentation of your QCD gift with your tax records and provide them to your tax preparer to ensure that your QCD gift is properly accounted for in your tax filing.

For the gift to qualify during the current tax year, you must initiate the process early so that the transmittal is completed before year-end. Check timing requirements with your custodian to ensure timely transmittal. If you have questions, please call Advancement Services at Wheaton College at 1-800-525-9906 (option 2) or email us at advancement.services@wheaton.edu.


Download and print the QCD RMD Info Sheet.