IRA Charitable Distribution
If you are 70½ or older you may be interested in an opportunity to contribute to the University while lowering the taxes on your IRA withdrawals. An IRA Charitable Distribution is a way you can support education at the University and reduce your taxable income.
"I made a gift directly from my IRA to establish an endowed scholarship in memory of my beloved wife. This was a meaningful and tax-savvy way to invest in the future of deserving students."
Martin Arnold '97
Benefits of an IRA Charitable Distribution
- Avoid taxes on transfers of up to $100,000 from your IRA to the University
- May satisfy your required minimum distribution (RMD) for the year
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
- Help further the educational work of the University
How an IRA Charitable Distribution works
- Contact your IRA plan administrator to make a gift from your IRA to us. Click here for IRA Charitable Distribution Transfer Instructions.
- Your IRA funds will be directly transferred to the University to support our educational work.
- Please note that IRA Charitable Distributions do not qualify for a charitable deduction.
- Please contact us if you wish for your gift to be used for a specific purpose.
If you have any questions about an IRA Charitable Distribution, please contact us. We would be happy to assist you and answer any questions you might have.