Year-End Giving Strategies
The Scecina Fund is our annual appeal inviting alumni and friends to contribute financial gifts in support of our students and educators. The 2024-25 Scecina Fund goal is $1.15 million.
At this time of year, many people are considering strategies to maximize tax savings when making their gifts. Two methods that offer tax benefits are: Giving to Scecina through your IRA and/or through Indiana’s tax credit-scholarship program for residents.
IRAs, RMDs, QCDs
If you donate directly from your IRA to Scecina with a qualified charitable donation (QCD), the amount of your gift is not considered income and therefore not taxed.
• Counts toward your RMD – Satisfy your required minimum distribution (RMD) for those older than 73.
• Lower your taxable income – QCDs are not counted as your income.
• Planned giving – Give annually all at once or strategically throughout the year.
Please consult your IRA custodian for any specific forms or steps they may require to donate to Scecina.
Indiana’s Tax-Credit Scholarship Program
Indiana residents get a 50% tax credit on their state taxes when they give to a scholarship granting organization (SGO) that offers aid to students who qualify. Scecina’s SGO is the Institute for Quality Education.
When you make a gift to IQE to benefit Scecina, IQE distributes the funds to Scecina and you IQE will send you a tax donation receipt and, after the Indiana Department of Revenue approves your donation, you will receive your tax credit certification number (TCCN) to use on your Indiana tax forms.
Please click here to help Scecina students through the Indiana tax credit.
Questions?
You can also donate directly to The Scecina Fund by clicking here. If you have questions about giving to Scecina, please contact Director of Development Beth Murphy at 317.352.3227 or bmurphy@scecina.org.
