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Extension > Extension Retiree Newsletter > IRA Charitable Rollover permanently extended

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Wednesday, March 16, 2016

IRA Charitable Rollover permanently extended

Congress has permanently extended this popular tax-advantaged giving opportunity. The law allows individuals who are age 70 1/2 or older to make gifts of up to $100,000 directly from their IRA account to one or more qualified charities, without paying federal income tax on the withdrawal. The U of M Foundation Planned Giving office has two form letters to assist donors with the process of making a qualified charitable distribution from their IRA to the University. For more information, contact Jane Johnson in the Extension Development office, 612-626-3717 or johns350@umn.edu.
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