Planned Giving

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IRA Giving

Are you over the age of 70?

If so, there is an excellent way to continue your support of the University of Dayton and lower your taxes! After the age of 70½, you are required to make minimum mandatory withdrawals from your IRA each year. However, you can also choose to make a tax-free direct transfer, up to $100,000 per year, to an eligible charity such as UD. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your taxes.


IRA Charitable Rollover
IRA (Custodian)
UD
Charity image

Benefits of a Qualified Charitable Distribution from an IRA

  • Avoid taxes on transfers of up to $100,000 from your IRA to our organization
  • 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 work and mission of our organization

How a Qualified Charitable Distribution from an IRA gift works

  1. Contact your IRA plan administrator to make a gift from your IRA to us.
  2. Your IRA funds will be directly transferred to our organization to help continue our important work.
  3. Please note that Qualified Charitable Distribution from an IRA gifts do not qualify for a charitable deduction.
  4. Please contact us if you wish for your gift to be used for a specific purpose.

Contact us

If you have any questions about a Qualified Charitable Distribution from an IRA gift, please contact us. We would be happy to assist you and answer any questions you might have.

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CONTACT

University Advancement

1700 South Patterson
Building 5th Floor
300 College Park
Dayton, Ohio 45469 - 7053
937-229-4484
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