Planned Giving

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Giving the Gift of Education from your IRA

Giving the Gift of Education from your IRA

Sandra Bertoni Schmidt, Ph.D. '69 credits the University of Dayton for building a community that fostered the connections she formed during her years on campus.

Kiefaber Street is where she first met her late husband of nearly 49 years, J. Daniel Schmidt '69. And her residence hall is where her roommates turned into lifelong friends.

"The five of us met on our floor in Marycrest as freshmen; we went through such a special experience together. We have stayed in touch over the last 50 years and they remain some of my closest friends," she says. "I really believe my life took certain turns because of those relationships, both with friends and with Dan. They were all instrumental to my success."

After having supported UD for over 40 years through annual giving and a bequest, Sandy felt compelled to do more. So, she made a tax-free direct transfer from her individual retirement account to the University to establish the Sandra Bertoni Schmidt and J. Daniel Schmidt Endowed Scholarship.

If you're 70½ or older, a charitable IRA rollover allows you to satisfy your required minimum distribution while reducing your taxable income. "It was a big awakening for me when I found out that I could give directly to UD and meet my required distribution without having to pay any income tax," said Sandy. "I can establish this fund now and see its impact before I'm gone."

The Schmidts created a scholarship to allow students enrolled in the School of Business, their area of study, to excel in the classroom and beyond. "I hope it will ease the financial burden so they can enjoy UD and take full advantage of all the things that are available to them," said Sandy. "I hope they form relationships, give back to the community and understand that we should all be part of a service environment."

Born and raised in Pittsburgh, Sandy was a first-generation college graduate. She continued her education by earning an MBA from Xavier University as well as her Ph.D. from the University of Cincinnati. After 30 years of teaching at the college level, Sandy retired as a professor emeritus from the University of Virginia's McIntre School of Commerce.

Sandy's mother always told her "education is a gift." Now, Sandy is creating her UD legacy and sharing that gift with the next generation of Flyers - affording them the opportunity to build those same bonds, moments and memories worth cherishing.

You, too, can give students access to a better education through a charitable IRA rollover. To learn more about this and other convenient ways to support the University of Dayton, please contact the Office of Planned Giving at 937-229-4484 or


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