IRA rollover gifts — often referred to as “qualified charitable distributions” or “QCDs” — can be an easy and effective way to make a gift to Duke. IRA owners age 70 ½ or older can 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.

Benefits of an IRA rollover gift:

• Reduce your taxable income.
• Donation counts toward your annual required minimum distribution if you are at least 72 years old.
• Make annual transfers of up to $100,000 each year.
• Fulfill multiple charitable purposes at Duke, such as pledge payments and more.
• Have an immediate charitable impact during your lifetime.

Please note: The amount of a charitable IRA rollover gift that counts toward your required minimum distributions may be reduced by additions you make to a retirement account after age 70 ½. To find out if this limitation applies to you, please contact your financial advisor.

To make a charitable IRA rollover gift to Duke, please contact the administrator of your IRA.

Another Retirement Account Strategy

Instead of transferring assets from your IRA during your lifetime, it may be a better fit to transfer IRA assets to Duke after you have passed away. This can be done by naming Duke University as a primary or contingent beneficiary of the IRA on a beneficiary designation form available from the IRA’s plan administrator. An IRA can also be left to fund a life income gift (charitable gift annuity or charitable remainder unitrust) for a loved one.