Charitable IRA Rollover | Gift Plans in Detail | Gift Planning | Ways to Give | Giving to Duke

Gift Planning
Charitable IRA Rollover

An IRA rollover gift can be an easy and effective way to make a gift to Duke. 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.

Benefits of an IRA rollover gift:

  • Reduce your taxable income.
  • Donation counts toward your annual required minimum distribution.
  • 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.

Gift Documentation

A testamentary gift of an IRA to Duke may be more appropriate for donors who do not have sufficient assets to consider a lifetime charitable IRA rollover. 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.

Download a sample letter to send to your plan administrator to direct a qualified charitable distribution from an IRA to Duke University.

Unite. Be Counted. Join in!

This month, our goal is for 10,000 Blue Devils to join in and give. Support the university, programs and people you love. Make more possible at Duke and give to the Annual Fund by June 30!