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Information on the IRA Charitable Rollover

There are many ways to make gifts to the University of Wyoming. Now, with federal legislation that was made permanent in 2015, an IRA charitable rollover is an option that makes it even easier for donors like you to support UW while saving big at tax time.

The Protecting Americans from Tax Hikes Act of 2015 made permanent the Charitable IRA Rollover provisions that were allowed in the past on a year-to-year basis. As a result, donors who are at least 70 and one-half years old are eligible to make gifts of up to $100,000 to qualified charitable organizations, including the University of Wyoming, through direct transfers from their individual retirement accounts.

This kind of transfer will satisfy all or part of the required minimum distribution. Probably the most important part of this process is that transfers must come directly from an IRA custodian to the charity. When the gift comes directly from the IRA custodian it becomes a “non-taxable event,” which means a donor will not realize any income but will also not receive a charitable deduction. Without realizing income on the required minimum distribution or other distributions, a donor can save substantially on income taxes.

By making a gift of up to $100,000 from your IRA, you can see your philanthropic dollars at work. You are jump-starting a lasting legacy and can watch your philanthropy take shape. Moreover, you can fulfill any outstanding pledge you may have already made by transferring that amount from your IRA under this legislation as long as it is $100,000 or less for the year.

If you want to donate to UW, you can do so by contacting your IRA custodian and instructing them to transfer your desired gift amount to the University of Wyoming Foundation. If you want to designate your gift to an existing fund or a specific program or create a new fund, let us know and we’ll make sure your gift is used in a way that is most meaningful to you.

For more on recent legislation affecting your estate planning, click here.

For more on the SECURE Act, click here.

 

 

Contact Information

Phone: (307) 766-6300
Email: pg@uwyo.edu

 

Brett Befus

Brett Befus

Associate Vice President for Development
Marian H. Rochelle Gateway Center
307-766-4259 | bbefus@uwyo.edu

Click here to find out more about Brett.

 

 

 

Ben Rose

Ben Rose

Director of Development, Gift Planning
Marian H. Rochelle Gateway Center
307-766-1801 | brose6@uwyo.edu

Click here to find out more about Ben.

 

 

 

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