• Daniel: "I really wanted to make a larger gift than usual, but I had questions about the best way to fund it. I was also concerned about conserving my cash resources for the future."

After speaking with UVU's gift planning office, Daniel learned about the option to make a gift directly from his IRA. Because he was already over 70½, he could take advantage of the IRA charitable rollover and make a tax-wise gift to UVU.

• Daniel: "I knew I didn't really need all the income from my IRA this year. I had enough income from my investments to cover my living expenses."

Daniel decided to transfer $55,000 from his IRA directly to UVU. This gift allowed him to continue making his regular charitable contributions while also supporting the new program, without exceeding federal limits.

• Daniel: "I was thrilled to discover that I could transfer money from my IRA to UVU without paying any federal income tax. The fact that my gift counted toward my required minimum distribution was an added bonus!"

What is an IRA rollover gift?

If you are 70½ or older, an IRA Charitable Rollover is a smart way to support the mission of Utah Valley University directly from your IRA. It allows you to make a tax-efficient gift that satisfies your required minimum distribution and helps UVU continue transforming lives through education.

Is an IRA rollover gift right for you?

Individuals age 73 and older must take "required minimum distributions" from their IRA each year. With the IRA charitable rollover, these individuals can transfer up to $111,000 per year directly to a nonprofit organization, and it satisfies the required minimum distribution.

Have you calculated what your IRA required minimum distribution will be this year and how it will affect your taxes? If you have questions about how you can benefit from an IRA rollover, please feel free to contact us.

Please note: The information above is representative of a typical donor and may or may not be an actual donor to our organization.