Giving from the United States
For McGill alumni in the U.S., it has never been easier to donate to the University. As a McGill graduate – or as an immediate family member of a McGill grad – you can make a tax-deductible gift directly to the University.
U.S. Friends of McGill
If you are not a McGill graduate or immediately related to one, you can still make a tax-deductible gift to the University through Friends of McGill University Inc. Send your gifts to:
Friends of McGill University Inc.
P.O. Box 28137
New York, NY 10087-8137
Tax-Free Distributions to Charity from IRAs Now Available
Congress has extended the IRA charitable rollover provisions for 2015 and beyond. For those who are 70 ½ or older, any amount up to $100,000 can be distributed tax-free from your Individual Retirement Account (IRA) to The Friends of McGill University, Inc. through December 31st, 2015 – and because Congress did not include an expiration date on these provisions, similar distributions can be made in future years as well. This amount can count toward your required minimum distribution for the year in which the distribution is made. Although these distributions are not deductible as charitable contributions on your income tax return, they impact your taxes because they are not treated as taxable income to you.
Here’s How It Works:
- You must be 70 ½ or older at the time of distribution;
- You may distribute any amount up to $100,000 in a calendar year to The Friends of McGill University, Inc., as long as it is completed by December 31st of the year in which you intend to make the charitable distribution;
- Your IRA administrator must make the distribution directly to The Friends of McGill University, Inc. Download a sample letter of instruction to your IRA administrator requesting a distribution to The Friends of McGill University, Inc. If you make a gift to The Friends of McGill University, Inc. from your IRA, please include written instructions on how you would like to designate your gift.
Before proceeding, you should also consult with your tax advisor to discuss your particular situation including any impact of your state’s tax laws.
Gifts may be sent to:
The Friends of McGill University, Inc.
Attention: Mr. David McCutcheon, Treasurer
P.O. Box 28137
New York, N.Y.
The Friend’s Tax Exempt ID number is 23-7054819
For further information, contact David McCutcheon at: dcmccutcheon [at] gmail.com
Bequests and Planned Gifts
Bequests and other planned gifts may be made directly to McGill University by everyone in the U.S. The only exception is a charitable trust, which must be made through Friends of McGill University Inc.
For more information, please contact McGill’s Bequests and Planned Gifts Office at 1-800-567-5175, by email at plannedgifts.dev [at] mcgill.ca.
For more information about giving from the U.S., please call 514-398-2787 or email donations [at] mcgill.ca.