IRA Rollover

What is an IRA charitable rollover?

An IRA charitable rollover is a way to transfer money from your IRA to the UDNF directly, without paying income tax on the distribution. This can be a great way to make a large gift to support our mission, especially if you are over age 70½ and have required minimum distributions (RMDs).

Benefits of an IRA charitable rollover

• Avoid taxes on transfers of up to $100,000 per year from your IRA to the UDNF
• 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
• Satisfy your required minimum distribution (RMD) for the year

How an IRA charitable rollover gift works

• Contact your IRA plan administrator and request a qualified charitable distribution (QCD) form.
• Fill out the QCD form and designate the UDNF as the recipient of your gift.
• Your IRA plan administrator will send your gift directly to the UDNF.

Please note:

• You must be at least 70½ years old to make an IRA charitable rollover.
• You can only make one IRA charitable rollover gift per year.
• 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 at info@udnf.org. We would be happy to assist you and answer any questions you might have.