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IRA Charitable Rollover

You may be looking for a way to help further Notre Dame's mission. If you are 70½ or older, you may also be interested in a way to lower the income taxes from your IRA withdrawals. An IRA charitable rollover is an easy way for you to help Notre Dame and save on taxes this year.

IRA Charitable Rollover
IRA (Custodian)
ND
Charity image

Enjoy Attractive Benefits

  • Avoid taxes on transfers of up to $100,000 from your IRA to Notre Dame.
  • It is an easy and convenient way to make a gift from one of your major assets. You may also consider renewing or increasing your annual gift with your IRA Charitable Rollover.
  • Satisfy your required minimum distribution (RMD) for the year.
  • It is excluded from your gross income: a tax-free rollover.
  • It is not subject to the deduction limits on charitable gifts.
  • Help further the work and mission of Notre Dame.

How an IRA charitable rollover gift works

  • Contact your IRA plan administrator to make a gift from your IRA to Notre Dame.
  • Your IRA funds will be directly transferred to Notre Dame to help continue our mission.
  • Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
  • If you wish your gift to be used for a specific purpose, please contact us.

Make Notre Dame a Beneficiary of Your IRA

You may also consider making a charitable bequest of part or all of your IRA to Notre Dame. By making Notre Dame the beneficiary of your IRA, you eliminate the potential for double taxation (federal estate and income taxes) that your heirs may face if they were named beneficiary of this asset.

Key Benefits of Making Notre Dame a Beneficiary of Your IRA:

  • 100% of your IRA assets goes to a charitable purpose at Notre Dame that is important to you.
  • Estate and income taxes on an IRA when an owner dies may be 60% or more. By transferring your IRA to Notre Dame directly upon your death, your estate can claim a charitable estate tax deduction. Neither your estate nor your heirs will have to report any taxable income from the distribution. Notre Dame will keep 100% of the IRA assets and will apply them to a charitable purpose you choose.
  • By eliminating estate and income taxes of your IRA assets, an IRA bequest is one of the most tax efficient ways to fund a charitable gift from your estate.

The best way to make a gift of your IRA assets is to name Notre Dame as the beneficiary on your IRA beneficiary designation forms. To designate Notre Dame as a beneficiary of your IRA, simply contact your plan custodian and he/she will provide you with the IRA beneficiary designation forms to make this bequest.

Making Notre Dame a beneficiary of your IRA will also qualify you to become a member of the Stephen Theodore Badin Guild, a giving society established to honor all those who make Notre Dame a part of their personal legacy by creating a planned gift. Contact us to learn more about becoming a member of the Badin Guild.

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.

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