Text Resize
Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video

IRA Charitable Rollover

If you are age 70½ or older, you may be interested in a way to lower your income and taxes from your IRA withdrawals while benefitting The University of New Mexico.

IRA Charitable Rollover
IRA (Custodian)
UNMFDN
Charity image

Benefits of an IRA charitable rollover

  • Avoid taxes on transfers of up to $100,000 from your IRA to the UNM Foundation
  • Satisfy your required minimum distribution (RMD) for the year
  • Reduce your taxable income, even if you do not itemize deductions
  • Make a gift that is not subject to the deduction limits on charitable gifts
  • Support The The University of New Mexico

How an IRA charitable rollover gift works

  1. Contact your IRA plan administrator to request an IRA charitable rollover (qualified charitable distribution) directly to the UNM Foundation. The gift will only count as tax-free if the check is made out and sent directly to the UNM Foundation.
  2. Ask your IRA plan administrator to include your name and The University of New Mexico fund you wish to support on the memo line of the check.
  3. Notify a representative of the UNM Foundation about your gift, including the name of your IRA plan administrator and the fund you want to support.
  4. For your gift to count towards your current year's RMD, the funds must come out of your IRA by your RMD deadline, which is generally December 31.
  5. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.

Contact us

If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.

Print This
Email This
Calculate Plan
eBrochure
Contact Us
View Video
scriptsknown