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Tax-Free Charitable IRA Gifts

Individuals age 70½ years or older can make tax-free gifts totaling up to $100,000 per calendar year directly from their IRA to Washington University and other qualified public charities.

This giving opportunity is particularly beneficial for donors who may not need their annual required minimum distribution or who want to make a larger tax-free charitable gift from an IRA.  By directing your gift directly to the university, you do not report the IRA distribution as income.  This is particularly useful if you do not itemize your deductions.  As with other gifts, you can designate the purpose for which the gift is to be used.

To make a tax-free charitable IRA gift:

  • You must be 70½ years of age or older when the distribution is made.
  • The transfer must go directly from your IRA to Washington University.
  • You may make tax-free transfers from your IRA to a charity or charities totaling up to $100,000 each calendar year.  If you are married, your spouse may also be eligible to make such gifts up to $100,000 from his/her IRA.
  • A charitable rollover gift from your IRA will count toward your minimum distribution requirement.
  • Gifts from an IRA may only be used to make an outright gift to a qualified public charity, such as Washington University.  Tax-free charitable IRA gifts cannot be used to fund a gift annuity, charitable remainder trust, a donor advised fund, or a private foundation.

Contact Us: 

For further information or to notify us of a gift from your IRA, please contact the Office of Planned Giving at:
800-835-3503 or 314-935-5373 
 
As a reminder, please consult your tax and legal advisors before making a charitable gift. 

Thank you very much for your support of Washington University.   

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