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IRA Charitable Rollover

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Are you looking
to make a gift...

to the Fay W. Whitney School of Nursing?

Consider using your IRA (or other qualified retirement account) to make a gift.

Recent legislation has made it possible for individuals who are 70.5 years of age to transfer up to $100,000 to qualified charitable organizations without recognizing any taxable income on the amount transferred.

Read below for the nuts and bolts of an IRA Charitable Rollover.


From our UW Foundation partner, Angela VerPloeg:

Recently, Congress and the President approved the Protecting Americans from Tax Hikes Act of 2015. This legislation makes the Charitable IRA Rollover provisions from the Tax Increase Protection Act of 2014 permanent. As a result of this legislation, you may be eligible to make gifts of up to $100,000 to qualified charitable organizations, including the University of Wyoming Foundation, through direct transfers from your individual retirement account.

Nuts and Bolts of an IRA Charitable Rollover:

(1). Who can take advantage: Individuals who are at least 70½ may transfer up to $100,000 directly from an IRA to a qualified charity, including the University of Wyoming Foundation.

(2). Required Minimum Distribution (RMD): Transfers to charity will satisfy all or part of your required minimum distribution.

(3). How to take advantage: Transfers must come directly from your IRA custodian to the charity. Financial institutions may vary in their procedures; however, each will likely have a form that you can either complete online or print, sign and either mail or fax in for processing. Contact your IRA custodian for instructions. 

(4). Timeline: Gifts made from your IRA to a charity will offset your required minimum distribution for the year in which the gift is made.

(5). Taxable income and charitable deductions: An IRA Charitable Rollover is a ‘non-taxable event,’ which means you will not recognize any income but will also not receive a charitable deduction.

How to Make a Gift to benefit the University of Wyoming:

Contact your IRA custodian and instruct them to transfer your desired gift amount (up to $100,000) to the University of Wyoming Foundation using the following information:

University of Wyoming Foundation
Marian H. Rochelle Gateway Center
222 S. 22nd Street
Laramie, WY 82070
Tax ID: 83-0201971

Gift Designations:

If you want to designate your gift to an existing fund, a specific program, or create a new fund, please work directly with the UW Foundation. Please contact Angela Ver Ploeg at, (307) 766-1939 (office), or (307) 399-0434 (cell) with any questions.

Thank you for your continued support of the University of Wyoming.

Please note: The information in this e-mail is not intended as investment, tax, or legal advice. Please contact your trusted tax, financial, or legal advisor for such advice before making a gift.


Page created 1/12/2016

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