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Lifetime Gift from an IRA
Pension Protection Act of 2006 - Charitable Rollover
(Is this gift for you?)
Make a lifetime gift from a retirement account, after careful review, if you are age 70½ or older and...
- You do not need the additional income necessitated by your minimun required distribution, or
- Your charitable gifts already equal 50% of your adjusted gross income, so you do not benefit from an income tax charitable deduction for additional gifts, or
- You are subject to the 2% rule that reduces your itemized deductions, or
- You do not itemize deductions.
Donors younger than 70½ can make a withdrawal from their IRA or other type of retirement plan, pay income tax on the withdrawal, and donate the proceeds to Yale. These gifts can be made outright or can fund a life-income gift and will generate a charitable deduction for the donor.
For more information
Email us, complete the personal illustration form, or call us at 1 (800) 445-6086 so that we can assist you through every step of the process.