IRA Rollover: A Gift with Substantial Benefits

Because Mark was over age 70½, he was eligible to give up to $111,000 directly from his IRA to UVU this year. His gift would count toward his required minimum distribution, helping to reduce both his taxable income and his overall tax liability.

• Mark: "Making an IRA rollover gift was an obvious solution to my tax situation. And I wanted to support UVU again this year as it's a cause I truly believe in."

Mark chose to give the maximum amount of $111,000 through an IRA rollover gift. Given his income level, the tax benefits were especially meaningful.

• Mark: "I hope I can reduce my income every year and continue helping UVU through IRA rollover gifts!"

What is an IRA rollover gift?

If you are 70½ or older, an IRA Charitable Rollover is a smart and tax-efficient way to support Utah Valley University. You can transfer up to $111,000 per year directly from your IRA to UVU. This gift satisfies your required minimum distribution and helps UVU continue its mission of empowering students and strengthening the community.

Is an IRA rollover gift right for you?

Have you calculated what your IRA required minimum distribution will be this year and how it will affect your taxes? If you have questions about how you can benefit from an IRA rollover, please feel free to contact us.

Please note: The information above is representative of a typical donor and may or may not be an actual donor to our organization.