Page 8 - Five Strategies | University of Rochester

The IRA Charitable Rollover: Tax-Free Gifts

from Retirement Accounts

Normally, a distribution from your IRA is taxed as ordinary
income. However, if you are 70½ years or older, you are eligible to
make a direct gift to the University of Rochester tax-free.

• You must be 70½ and transfer funds directly from your IRA
to the University

• A gift “counts” toward your required minimum
distribution (RMD)

• Gifts are limited to $100,000 annually per person (a married
couple with separate IRAs could give up to $200,000 a year)

• Distributions can be made only from a traditional or Roth
IRA; retirement plans such as pensions and 401(k) or 403(b)
plans must first be transferred to an IRA