Charitable distribution from an IRA
Making a qualified charitable distribution from an IRA is a great way to make a tax-free gift that supports the University of Nebraska.
To make a qualified charitable distribution from an IRA, donors must be 70½ years or older at the time of the gift. The gifts must be made directly from the IRA to the University of Nebraska Foundation, and the gift amount cannot exceed $100,000.
A lifetime gift from an IRA is particularly beneficial for individuals who:
- don’t want to take the required minimum distribution,
- can’t use all of their charitable deductions in a tax year,
- don’t itemize charitable deductions.
Donors wanting to take advantage of this tax-efficient giving opportunity should make a request to their IRA plan administrator, asking that a distribution be made payable to the University of Nebraska Foundation. Please notify us of your gift intentions by sending this completed form via email to firstname.lastname@example.org.
Members of the gift planning team are available to help complete these gifts and to help donors who want to direct their gift to a specific area on campus. Call our team now at 1-800-432-3216 or contact us via email.
The appropriate beneficiary designation for an IRA gift is "The University of Nebraska Foundation, a Nebraska nonprofit corporation."
The University of Nebraska Foundation is registered with the Internal Revenue Service Department of the Treasury (EIN: 47-0379839) and is exempt from federal income tax under the provisions of Section 501(c)(3) of the Internal Revenue Code of 1954.