By Tag · Charitable IRA rollover
Is your retirement and wealth plan more secure with the SECURE Act?
January 24, 2020
In December 2019, President Trump signed into law several changes to the rules regarding retirement accounts such as 401(k)s and IRAs. Continue Reading ➜
3 easy steps to make a tax-free IRA gift to Duke
September 18, 2019
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. Continue Reading ➜
ACT NOW: Use your IRA required minimum distribution to make a tax-free gift to Duke
February 27, 2019
With a charitable IRA rollover, you may be able to make a tax-wise gift to Duke to support students, schools or programs that you care about most. Continue Reading ➜
Our Giving Story: Jim and Muff Urbaniak
October 31, 2018
Jim and Muff Urbaniak had successful careers improving the health and lives of many in the Duke community. Now, they are giving the next generation at Duke the resources needed to succeed. Continue Reading ➜
3 tax reform charitable giving strategies: charitable gifts of IRA assets
August 10, 2018
Tax incentives for philanthropic gifts to charity may have decreased under the Tax Cuts and Jobs Act of 2017, but creative donors are still finding ways to maximize tax savings while supporting charitable causes. Continue Reading ➜
Top four questions Duke alumni and friends ask about charitable giving
February 6, 2017
As an associate director of gift planning, I speak with a lot of Duke alumni and friends across the country about ways to support the university. Here are the four most common questions I receive from donors, alumni, and friends of Duke about planned giving: Continue Reading ➜
News you can use: 3 benefits of donating your required IRA distributions to charity
August 11, 2016
As you may recall, last December President Obama signed into law the Protecting Americans from Tax Hikes (PATH) Act of 2015, which also made the charitable individual retirement account (IRA) rollover permanent. This provision allows IRA owners age 70 ½ or older to make a direct, tax-free transfer of up to $100,000 a year from their IRA to a public charity like Duke University.
This article featured in The Wall Street Journal explains why making a gift from your IRA directly to a charity is an excellent and tax efficient way to support an organization your care about. Older IRA owners who need to take their annual required minimum distributions (RMD) will benefit by taking advantage of the qualified charitable distribution rules. Continue Reading ➜
3 ways planned giving can help reduce your tax burden
April 7, 2016
Each spring, as the azaleas on West Campus reach their peak, seniors sprint toward graduation, and we recover from the thrills of March Madness, we go through another, less pleasant annual ritual: Tax Day.
Many of us are surprised at how much we owe Uncle Sam every year. It can be so painful to write that check!
Here are three ways you can consider reducing your tax burden next year... Continue Reading ➜
Charitable IRA rollover has been made permanent
December 21, 2015
On December 18, 2015, President Obama signed into law the charitable IRA rollover for 2015 and future years.
The provision allows IRA owners age 70 ½ or older to make a direct, tax-free transfer of up to $100,000 a year from their individual retirement account to a public charity like Duke University. Donors can now consider using IRA rollover gifts to satisfy multi-year pledges to the Annual Fund, create or add to endowments, or support other charitable purposes at Duke.
An IRA rollover gift can be an easy and effective way to support your favorite charity. Continue Reading ➜