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Planned Giving

Charitable IRA Rollover—Only through December 31, 2013!
The American Taxpayer Relief Act of 2012 reinstated the Charitable IRA Rollover, but only until December 31, 2013. Originally enacted in 2006, the Charitable IRA Rollover allows individuals age 70½ and older to make direct transfers up to $100,000 per year from individual retirement accounts to qualified charities without having to count the transfers as income for federal tax purposes. Since no tax is incurred on the withdrawal, gifts do not qualify for a charitable deduction, but may be counted toward an individual’s minimum required distribution.

Recap of other provisions of the Charitable IRA Rollover:

  1. * Distributions must be made directly to a qualified charity by the plan administrator of an IRA. Retirement assets in 401(k), 403(b), SEP,    or SIMPLE plans do not qualify, but may be rolled into a new or existing IRA and transferred to the charity.
  2. * Distributions may only be made to 501(c)(3) tax exempt organizations and cannot be made to donor advised funds, private foundations or supporting organizations.
  3. * Distributions may not be used to fund life-income gifts such as charitable gift annuities, charitable remainder trusts or pooled income fund.

Click here to download the Charitable IRA Rollover Gift Instructions form (PDF)
For more information, please contact the Yale University Office of Planned Giving at 1-800-445-6086

Many alumni and friends have chosen to support the YLS through the making of "planned gifts" that may include gifts of assets other than cash or securities; life income gifts whereby the donor transfers an asset and retains, or provides for another person or persons, an income for life; charitable lead trusts that may permit people to save on income, gift, and estate taxes; or bequests.

Even gifts of cash and marketable securities may be considered to be planned gifts. In fact, any time you stop to consider the timing or tax benefits of making a gift, you may be making a planned gift.

For information on planned gifts contact Eric Stoddard, Director of Planned Giving, at (203) 432-6082. You may also learn more about planned giving opportunities at Yale by visiting the University's Planned Giving website at http://www.yale.planyourlegacy.org/.

“What I learned is that by keeping you in touch with classmates and the school, fund-raising enriches your life.”
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