IRA Charitable Rollover
Congress has made the provision for IRA charitable rollover gifts permanent, which allows individuals age 70 1/2 or older to make tax-free gifts totaling up to $100,000 from a traditional IRA account directly to Rice. This enables you to:
- Satisfy your minimum required distribution.
- Exclude the distribution from your gross income.
- Fulfill an annual gift or outstanding pledge.
- Support your favorite passions at Rice, including establishing an endowed fund or scholarship.
If you are considering an IRA charitable rollover gift of up to $100,000 and will be 70 1/2 or older, please contact Jill Hughes ’79 at the Office of Gift Planning: 713-348-6206 or email@example.com.
Please note: Per the Internal Revenue Code, to qualify for tax-free treatment, you may not receive any goods or services (for example, parking, membership benefits, gala tickets, improved seating, etc.) in return for your IRA distribution.