The IRA Charitable Rollover permits a taxpayer age 70½ years or older to donate up to $100,000 directly from an IRA to Adelphi University. The amount transferred will count toward the owner’s required minimum distribution (RMD) and will not be included in his or her taxable income. Because the funds you give away are never taxed as income, your gift does not qualify as a charitable income tax deduction.
Our sample IRA Charitable Rollover letter can help you arrange this type of gift with your IRA administrator.
Take the following steps to take advantage of this opportunity:
Office of University Advancement
1 South Avenue
P.O. Box 701
Garden City, NY 11530-0701
If you are contemplating a charitable gift under the new laws, please feel free to contact Adelphi by email at firstname.lastname@example.org or call 516.877.3098 for additional information.
Learn more about planned giving opportunities at Adelphi.