By making an IRA charitable rollover gift, you are able to avoid taxes on your IRA distribution while supporting our charitable mission. If you are 70½ or older, your gift could be $1,000, $10,000, $50,000 or even $100,000 to Des Moines University from your IRA to meet your annual distribution requirement. The transfer, known as an IRA charitable rollover, generates neither taxable income nor a tax deduction, so you benefit even if you don’t itemize deductions on your tax return. Even better, if you haven’t yet taken you mandatory minimum distribution this year, a rollover gift can satisfy all or part of this requirement. Best of all, your gift in support of Des Moines University will be put to use immediately – changing student lives and fulfilling the University’s vision for the future. The IRA charitable rollover was part of signed legislation on December 18, 2015 that includes a permanent extension.
For more information on how to make a gift through an IRA charitable rollover, you may reference the instructions on the Request to IRA Plan Administrator Form and the Notice of Gift to DMU Form or contact: