IRA Charitable Rollover
A Charitable IRA Rollover gift is a simple way to make a big difference. If you are aged 70 ½ or older, you can make a tax-free Qualified Charitable Distribution from your IRA to Ñý¼§Ö±²¥ State.
In any given year, you can transfer up to $100,000 from your IRA to Ñý¼§Ö±²¥ State and other qualified charities. Additionally, this gift can satisfy the Required Minimum Distribution for those aged 73 and older. While IRA Rollover Gifts do not qualify for a charitable deduction, you will not pay income tax on the funds coming from your IRA.
To make a gift from your IRA to Ñý¼§Ö±²¥ State, please contact your IRA administrator to complete the appropriate forms and contact us at giftplan@kent.edu or 330-672-1000 to let us know what specific area you would like your gift to support. Your IRA funds will transfer directly to us.