Gail (Gaulke) Brugioni ’73 Sets Up Scholarship with Gifts from Her IRA

I almost can’t believe it, but this year is the 50th reunion of my Carroll graduating class. It’s a point in time that makes you look both back to the past and forward to the future. For some time, I had been considering establishing a scholarship in memory of my mother, but the institution where she trained in physical therapy is defunct. Then I considered Carroll University. Carroll offers courses in physical therapy, and she was fond of the campus where my sister and I were students.

When I contacted Carroll, Chuck Demler explained how easy it is to set up a scholarship using tax-free distributions from an IRA. A few forms later and it was done.

To me, this seems like an all-around win. Plus, I get to meet the scholarship recipients at Carroll’s annual luncheon, where I can tell them about my mother’s vocation, and they can relate their plans for the future.

—Gail (Gaulke) Brugioni ’73

Checklist to Maximize Your IRA for Charitable Giving

1. Satisfy your IRA required minimum distribution, bypass taxes, and make an impact for Carroll students with a gift from your IRA. Learn about making a gift from your IRA.
2. Think through the beneficiaries of your IRA.
3. Make a gift from your IRA and receive income for life with a gift annuity.