How to give
Step-by-step instructions for transferring funds from your IRA to the University of Rochester
- Contact your advisor or representative at the financial institution that holds your IRA.
- Tell your representative that you wish to make a QCD from your IRA to the University of Rochester.
- Request a check made payable to the “University of Rochester” and indicate that it is “a qualified charitable distribution from the account of (Your Name).” For wire transfers, request transfer instruction from us.
- University of Rochester Federal Tax ID: #16-0743209.
- Please contact us and let us know to expect a payment, indicating any designations such as school, hospital, or fund.
The process for establishing a charitable gift annuity is similar but requires contractual paperwork. Please contact the Office of Trusts, Estates & Gift Planning for detailed information on establishing a charitable gift annuity at the University.
The Protecting Americans from Tax Hikes (PATH) Act of 2015 was signed into law on December 18, 2015 and made permanent what is popularly known as the IRA charitable rollover. The SECURE Act 2.0 of December 29, 2022 gave IRA owners turning 72 years of age in 2023 until age 73 before required minimum distributions (RMDs) must be taken.
Consult your tax advisor about the applicability of these legal principles to your individual situation.