Weather Update
Due to the storm, Barnard College closed at 4pm Friday, for non-essential personnel. “Essential personnel" include staff in Facilities, Public Safety and Residence Halls.
Friday evening and weekend classes are cancelled but events are going forward as planned unless otherwise noted. The Athena Film Festival programs are also scheduled to go forward as planned but please check http://athenafilmfestival.com/ for the latest information.
The Barnard Library and Archives closed at 4pm Friday and will remain closed on Saturday, Feb. 9. The Library will resume regular hours on Sunday opening at 10am.
Please be advised that due to the conditions, certain entrances to campus may be closed. The main gate at 117th Street & Broadway will remain open. For further updates on college operations, please check this website, call the College Emergency Information Line 212-854-1002 or check AM radio station 1010WINS.
3:12 PM 02/08/2013
Renewed Opportunity for 2012 and 2013
Once you are 70 ½ or older you may make a charitable gift to Barnard directly from your (or your spouse’s) IRA (or Roth IRA).
If you took your IRA distribution in December 2012, you can still take advantage of the IRA charitable rollover for 2012 by making a cash gift to a charity like Barnard by January 31, 2013. Under the rule now in effect, you may treat some or all of your December 2012 IRA distribution as a direct charitable distribution if you make a subsequent transfer to charity in January 2013.
To make a direct IRA gift for 2013, instruct your IRA administrator to make the distribution check payable to BARNARD COLLEGE (not to you) and send it to:
Barnard College
ATTN: Audra Lewton, Planned Giving
3009 Broadway
New York, NY 10027
Let us know your plans! This will help us ensure that your gift is credited properly and that the appropriate acknowledgment is sent for your records. Your gift can support the annual fund or any special purpose fund at Barnard.
An IRA distribution (or rollover) to a qualified charity, like Barnard, counts toward your required minimum distribution and is not treated as taxable income. There is no income tax deduction available, as the distribution (in most cases) is being made from assets that were never taxed. It is income-tax neutral.
IRA Charitable Rollover might be particularly attractive to you if:
- You have sufficient income for your needs from other sources, but must still take the required minimum distribution (and pay income tax on the distributed amount).
- Your required distribution, if paid to you, would put you in a higher tax bracket or cause more of your Social Security income to be taxed.
- You have already reached your charitable deduction limits based on your adjusted gross income (AGI) (50% of AGI for cash gifts, 30% of AGI for gifts of stock or other appreciated property).
- You do not itemize your tax deductions.
- You want to spend down your IRA assets because of the heavy tax burden that results if the assets are inherited by someone other than your spouse.
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