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IRA Charitable Rollover

You may be looking for a way to make a big difference to help further the St. Thomas mission. If you are 70½, or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit yourself this year.

IRA Charitable Rollover
IRA (Custodian)
St. Thomas
Charity image

Benefits of an IRA charitable rollover

  • Avoid taxes on transfers of up to $100,000 from your IRA to St. Thomas.
  • 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 50% deduction limits on charitable gifts.
  • Help further the work and mission of the University of St. Thomas.

How an IRA charitable rollover gift works

  1. Contact your IRA plan administrator to make a gift from your IRA to the University of St. Thomas.
  2. Your IRA funds will be directly transferred to the university.
  3. Please note that IRA charitable-rollover 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 an IRA charitable-rollover gift, please contact us. We would be happy to assist you.

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