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3 easy steps to make a tax-free IRA gift to Duke

Discover how to maximize the impact of your IRA required minimum distribution

September 18, 2019 | by Duke Office of Gift Planning

3 easy steps to make a tax-free IRA gift to Duke

Here’s a scenario: You’re enjoying retirement, and life is good. You’re taking your annual required minimum distribution (RMD) from your individual retirement account (IRA), but that money isn’t critical to your lifestyle. It would be great to have another option instead of paying taxes on that withdrawal.

That’s where Duke comes in. A charitable IRA rollover is a simple, tax-free way to immediately support the Duke students and programs you care about. Before the end of the calendar year, transfer up to $100,000 from your IRA to Duke and pay no taxes on that gift. The transfer may count against your required minimum distribution.

With a charitable IRA rollover, you can fulfill multi-year pledges to the Annual Fund, make a gift to Duke Reunions, or create or add to an existing endowment.

3 easy steps to make your IRA RMD gift:

  1. Be an IRA owner 70 ½ years or older.

  2. Direct your account administrator to make a qualified charitable distribution from an IRA to Duke University. Download our sample letter for appropriate language.

  3. Contact Duke’s Office of Gift Planning today at or (919) 681-8030 to inform us of your gift. Our charitable planning experts are available to work with you and your financial advisors.

Then sit back and enjoy your tax savings and the feeling of helping the university you love.

Ready to learn more? Download the 2019 Charitable IRA Rollover one-pager to find out how your required minimum distribution can make an impact at Duke University.

This information is provided with the understanding that neither Duke University nor the authors are providing legal, accounting, or other professional advice or counsel. Please consult your personal counsel about the financial, tax and legal implications of any gift.

About the author

Duke Office of Gift Planning

Duke University Office of Gift Planning specializes in charitable gift planning for estates, charitable trusts and annuities, and other complex current and future gift plans.

For more information, please contact the Duke University Office of Gift Planning.
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