IRA Charitable Rollover
Good News! The Tax-Free IRA Charitable Rollover is Back!
The special opportunity that expired at the end of 2007 has been extended to December 31, 2009.
Under this new extension legislation, a gift to GW from your IRA can:
- Count toward your required minimum distributions and
- Be excluded from your gross income: a tax-free rollover.
For your IRA gift to qualify for benefits under this extension:
- You must be 70 ½ years or older at the time of the gift
- Transfers must go directly from the IRA to The George Washington University
- Your total IRA gift(s) cannot exceed $100,000 per year
- Your gift must be outright
Please allow us to help you plan your gifts to GW in a way that will best allow you to make a difference to the University and improve your financial outlook. We invite you to call our office at 877-498-7590 to let us know how we can help.