IRA Charitable Rollover

American Taxpayer Relief Act of 2012

Donors who own a traditional or Roth IRA can make a tax-free transfer of up to $100,000 to a public charity, such as the University of Washington, through December 31, 2013.

Additional details:

  • Donors must be 70 1/2 on the date of the gift
  • Funds must be transferred directly to the UW from an IRA or Roth IRA
  • Up to $100,000 per donor may be contributed per year
  • The donor recognizes no taxable income on the transfer, but cannot claim an income tax deduction for the gift
  • The distribution can count toward the mandatory IRA withdrawal amount.

For a letter of instruction or more information, please contact the Office for Planned Giving