IRA ROLLOVER
IRA Rollover
Cash
LUC
On January 1, 2013, Congress passed legislation to avert the fiscal cliff.
The law includes several important provisions that will allow you to support the causes you believe in using your Individual Retirement Account (IRA).
The law includes several important provisions that will allow you to support the causes you believe in using your Individual Retirement Account (IRA).
Extension of the IRA Charitable Rollover
If you are 70½ or older, you can make a gift of up to $100,000 to Loyola University of Chicago from your IRA to meet your annual distribution requirement. By making an IRA charitable rollover gift, you are able to avoid taxes on the IRA distribution while supporting our charitable mission.
How to Make an IRA Rollover Gift in 2013
Contact your IRA custodian to make a gift from your IRA for 2013. The IRS will treat the amount of the cash gift as if you had made a direct rollover to charity and you can then avoid federal tax on the amount of the gift.
Don't wait! Contact Loyola University of Chicago today to learn more about how you can convert your taxable IRA distribution and potentially reduce your taxes.
