IRA Charitable Rollover

If you can make other provisions for your family, there is a better option for your retirement plan assets—a charitable gift after your lifetime. When given to your family, a portion of your retirement plan assets will be consumed by taxes. Instead, leave assets that are less heavily taxed (such as real estate, cash or life insurance) to your family, and consider using your retirement plan assets to make gifts to tax-exempt charitable organizations, such as the School of Social Work.

To name Social Work as the beneficiary of your retirement account, simply instruct the retirement plan administrator of your decision and sign the required designation form.

There are many benefits to donating retirement plan assets.

1. Make the most cost‑effective gift you can make and save other less‑taxed assets for loved ones.
2. You can change your mind at any time.
3. Eliminate all federal income taxes when you name us as the sole beneficiary. (Receive partial savings when you give us a specific amount before giving your family the remainder.)
4. Name us as the contingent beneficiary, allowing for greater flexibility.

To learn more about how your IRA gift will benefit your family and students, contact Sandy Noe at (317) 278-1620 or smnoe@iu.edu.

In order for your gift to qualify this year, we must receive it by Dec. 31. If you have check-writing privileges on your IRA account, please mail your check by Dec. 1 to give us time to process your gift before the end of the year.

The information in this publication is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.