Dick Hirsh '65 and his wife, Marcia '66, have spent their lives giving back. This Miami Merger has been generous not only to their alma mater, but to their many other philanthropic interests. Through exceptional volunteer roles as well as generous financial gifts, they have impacted a number of causes near and dear to their hearts.
In 2013, they established the Richard '65 and Marcia Hirsh '66 Scholarship.
Dick and Marcia have carefully considered how they make their gifts. By contributing through an individual retirement account, they have been able to make very generous contributions each year. Using an IRA allows each of them to be able to make larger gifts than might otherwise be possible.
Qualified charitable distributions from IRAs allow individuals to make direct contributions up to $100,000 without paying income tax on the distribution—and the distributions count toward the annual required minimum distribution.
For more information about how you might use your IRA to impact Miami students, please contact Miami's Office of Gift Planning at 513-529-1286 or GiftPlanning@MiamiOH.edu.
Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. California residents: Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. Oklahoma residents: A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. South Dakota residents: Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.