How to Give

IRA Qualified Charitable Distributions

Completing a Qualified Charitable Distribution (“QCD”) from your IRA to the University of Illinois Foundation (“UIF”) is a simple three-step process. We recommend you use your financial institution’s paperwork, as most firms will send a secure DocuSign form to avoid sending account information through email. 

Please share the information below with your IRA custodian to help prepare the paperwork for your distribution to UIF:

  1. Initiate the Transfer
    1. Make the distribution payable to: “University of Illinois Foundation” (Tax ID 37-6006007)
    2. Include on the check’s memo line and accompanying stub:
      • Your name
      • Preferred University Designation or Fund Name
         
  2. Mail the distribution directly to the UIF lockbox

    University of Illinois Foundation
    P.O. Box 734500
    Chicago, IL 60673-4500

    Or, if mailing using FedEx or UPS, please use this address:

    JPMorgan Chase
    Attn: University of Illinois Foundation
    Lbx 734500
    131 S Dearborn, 6th Floor
    Chicago, IL 60603

    If a phone number is required for mailing, please use 312.732.5365.

    If your donation is coming by wire transfer, please contact UIF’s cash Desk 217.244.0352 or cashdesk.uif.uillinois.edu for up-to-date transfer instructions.
     
  3. Notify UIF
    Please contact UIFs Cash Desk at cashdesk.uif.uillinois.edu with the amount and expected date of your gift’s arrival so that UIF can appropriately credit, acknowledge, and receipt your gift.
     

*Related regulations mandate that you cannot receive a check from your IRA, deposit it, then gift that amount and still qualify for the QCD’s benefits.

For additional educational information on IRA Qualified Charitable Distributions please click here or contact Gift Planning and Trust Services at 217.244.0473 or GPinfo@uif.uillinois.edu.

The University of Illinois Foundation does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.