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IRA Charitable Rollover

Reduce Your Taxes While Increasing Your Impact

If you are 70 ½ years of age or older and have a traditional individual retirement account (IRA), you can make an immediate impact at Notre Dame this year through an IRA Charitable Rollover gift.

While there have been recent changes to the tax laws* regarding traditional IRAs, owners of these accounts still have the opportunity to make qualified charitable distributions of up to $100,000 in the calendar year.

IRA Charitable Rollover
IRA (Custodian)
ND
Charity image

An IRA Charitable Rollover allows you to:

  • Make a gift directly from your IRA to Notre Dame;
  • Satisfy part or all of your annual RMD from your IRA, and exclude part or all of that distribution from your Federal taxable gross income; and
  • Impact today's Notre Dame students by renewing or increasing your annual gift through your IRA Charitable Rollover.

FOR YOUR GIFT TO QUALIFY:

  • You must be 70½ years of age or older at the time of your gift.
  • The transfer must be made from your IRA directly to Notre Dame.
  • Your total annual IRA Charitable Rollover gift(s) cannot exceed $100,000 in the calendar year of the gift.
  • Your gift must be made to Notre Dame by December 31 in the year you decide to make the gift.
  • Your gift must be outright. Gifts from your IRA to donor-advised funds or life-income vehicles such as charitable gift annuities or charitable remainder trusts do not qualify as IRA Charitable Rollover gifts.

MAKING YOUR GIFT IS EASY

Before December 31 of this year:
  • Contact your IRA custodian.
  • Ask that your distribution be a charitable rollover to Notre Dame.
  • To ensure that we can promptly and accurately credit your gift, ask them to include your name, address and how you would like the gift allocated in the transfer.

Distributions can be mailed to:

University of Notre Dame
Department of Development
1100 Grace Hall
Notre Dame, IN 46556

For distributions sent via wire transfer, please have your plan custodian contact us at 574-631-5150 for specific instructions.

Make Notre Dame a Beneficiary of Your Retirement Account

You may also consider making a charitable bequest of part or all of your retirement account to Notre Dame. A retirement account bequest is one of the most tax-efficient ways to fund a charitable gift from your estate. By making Notre Dame a beneficiary of your retirement account, you may reduce or eliminate federal estate and income taxes related to your retirement account at your passing

With the reduced ability to defer income taxes on retirement accounts under the SECURE Act, making a charitable bequest of part or all of your retirement account is now an even more attractive option.

Making Notre Dame a beneficiary of your retirement account 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.

To designate Notre Dame as a beneficiary of your retirement account, contact your plan custodian and the custodian will provide you with the retirement account beneficiary designation forms to make your gift to Notre Dame.

Want to Learn More?

Download our IRA Charitable Rollover brochure or contact us today.

*The SECURE Act allows retirement account holders to defer required withdrawals from their qualified IRA to age 72. Benefactors can still begin making IRA charitable rollovers at age 70 ½. The CARES Act waived the RMD for IRA and other qualified retirement plan owners for the year 2020. Benefactors still have the opportunity to make IRA Charitable Rollover gifts of up to $100,000 in the calendar year from their IRA.

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