IRA Giving

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 can make a tax-free direct gift from your IRA, up to $100,000 per year, to eligible charities, like UD. The transfer does not create taxable income for you nor does it allow you to take a tax deduction for the gift, so you benefit even if you do not itemize your taxes.

IRA Charitable Rollover

IRA (Custodian)

UD

Benefits of a Qualified Charitable Distribution from an IRA

• Make a tax-free transfer to UD of up to $100,000 from your IRA each year
• 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 UD to help continue our important work.
3. Please note that Qualified Charitable Distributions from your IRA do not qualify for a charitable deduction on your income taxes.
4. Please contact us if you are going to make a gift from your IRA because some companies may not put your name on the check that is sent to us. Also, if you want your gift to be used for a specific purpose, please let us know.

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.