By Tag · IRA
4 common myths about charitable gifts to Duke made through a will or retirement account
May 2, 2019
There are many misconceptions surrounding the process of making a charitable gift to Duke through a will or retirement account. In this article, Duke’s Associate Director of Gift Planning, Nan Futrell ’07, addresses the four most common myths she encounters in conversations with Duke alumni and friends. Continue Reading ➜
FAQ: What is a required minimum distribution (RMD) and how can I use it for charity?
February 15, 2017
For many years, our office has had the pleasure of working with donors who use their required minimum distributions from Individual Retirement Accounts (IRAs) to make a gift to Duke. In December 2015, the charitable IRA rollover became a permanent fixture of the tax law. Due to this new provision, many more individuals have taken advantage of this unique giving technique.
Here are four of the most frequently asked questions we receive about RMDs: Continue Reading ➜
Will the charitable IRA rollover be made permanent?
May 26, 2015
Two congressional bills have been proposed this year to allow more Americans to transfer funds from their individual retirement accounts (IRA) to charitable organizations. Among other details, these proposals would restore, expand, and make permanent the charitable IRA rollover. The purpose of these new proposals is to replace the former charitable IRA rollover provision, originally created by the Pension Protection Act of 2006. The charitable IRA rollover provision allows individuals age 70½ years and up to make a tax-free donation of up to $100,000 to a qualifying public charity directly from an IRA. (Otherwise, the IRA owner would have to pay taxes on the IRA funds before claiming the deduction.) This benefit is available to all taxpayers, regardless of whether they itemize their deductions. Continue Reading ➜
4 reasons to make a charitable gift through your retirement account
January 23, 2015
Think for a moment about everything you own...your car, your home, maybe another property that you purchased as a get-away or an investment, and your various investment accounts and bank accounts. Which is worth the most?
For many of us, it's our retirement accounts. If you've been contributing to these accounts year after year, then—despite some downturns—your investments held by these accounts may have grown substantially.
How does this relate to making an impact at Duke?
Naming Duke as a beneficiary of a qualified retirement account may allow you to make a much larger gift to the university than you thought possible. Continue Reading ➜
Charitable IRA rollover is back for a limited time
December 22, 2014
On December 19, President Obama signed into law an extension of the charitable IRA rollover as part of the Tax Increase Prevention Act of 2014. However, the benefit is only good through December 31, 2014. Here's what you need to know.
Continue Reading ➜
3 Biggest myths about giving to charity, taxes, and financial planning
May 27, 2014
1. Myth: Writing a check is always the best way to support a charity.
Charities love receiving cash. Who doesn’t? But it’s not necessarily the most advantageous way for you to make charitable gifts... Continue Reading ➜
My Giving Story: Rick Tigner
May 14, 2014
As part of our regular posts, we will be featuring “My Giving Stories” that center around short Q&As with donors who have included Duke in their long-term plans.
We recently chatted with Rick Tigner ’70, an investment advisor, art collector, and Duke Alumni Band member. He directed funds from his IRA to an endowment fund that benefits the Nasher Museum of Art.
This is what he had to say.
Continue Reading ➜
Our Giving Story: The Burgers
April 16, 2014
From serving in student government in the 1960s to becoming Dean of Women in Duke’s Woman’s College just three years after graduation, Paula Burger ’67, A.M.’74 is a natural leader who has spent her career advocating for students.
And she’s still at it today.
Continue Reading ➜