Your IRA can provide a tax-smart way to make an impact with Northeast Ohio Medical University now. The Qualified Charitable Distribution or QCD (sometimes called an “IRA Charitable Rollover”) is a great way to make a tax-free gift now to Northeast Ohio Medical University and satisfy your Required Minimum Distribution (RMD), too.

How Do I Qualify?

The Qualified Charitable Distribution (QCD) offers multiple benefits for making gifts from your IRA.

  • You must be 70½ years or older at the time of the gift.
  • Gifts must go directly from your IRA to Northeast Ohio Medical University.
  • For 2026, total QCD gifts cannot exceed $111,000 per donor.

Benefits of Qualified Charitable Distribution

  • If you don’t itemize your income tax deductions, a QCD offers all of the benefits of an itemized income tax charitable deduction.
  • If you are age 73 or older and must take a Required Minimum Distribution RMD, a QCD gift can satisfy your RMD without increasing your income taxes.
  • You may direct your gift to a program or area of your choice.
  • It is a wonderful way to create an immediate impact on Northeast Ohio Medical University.

How Can I Make an IRA Charitable Rollover?

Contact your IRA administrator to request a Qualified Charitable Distribution from your IRA to NEOMED.

Give from Your IRA and Receive a Lifetime of Payments

Donors over 70½ can receive a lifetime of payments in return for a contribution to NEOMED from their IRA account. This gift plan combines a charitable gift annuity and a QCD from an IRA.

Charitable Rollover Gift Annuity — Under a new law effective in 2023, some donors can make a QCD in exchange for a charitable gift annuity. There are some rules and limitations:

  • You can exercise this option only once during your lifetime.
  • There is an aggregate limit of $55,000 for 2026.
  • The entire payment you receive from your charitable gift annuity will be subject to income tax.
  • You can include your spouse as a recipient of the annuity payment.
  • There is no income tax deduction for this contribution, although there is no tax on the QCD either.
     

Make a QCD: Give from your IRA Today!

To make a gift now through your IRA, simply type in the name of your brokerage and click the button below to go to your login page.

Let us know if you don't see your brokerage.

Information that you may need for the QCD is provided below.

  • Legal name: NEOMED Foundation
  • Mailing address: 4209 St. Rt. 44, PO Box 95, Rootstown, OH 44272
  • Federal Tax ID number: 34-1264220