Congress has extended the IRA charitable rollover through the end of 2013.

This law allows an individual who is age 70½ or older to make a special gift from his or her IRA to a charitable institution such as the University of Kentucky.

  • If you are age 70 ½ or older, you can make a gift of any amount up to $100,000 from your IRA to a charitable institution such as the University of Kentucky.
  • Your gift will qualify for your 2013 required minimum distribution.
  • You will not have to pay federal income tax on the amount given from your IRA.
  • Your gift can be directed to a program or project of your choice.

Contact us today to learn more about how you can roll over a taxable distribution from your IRA and potentially reduce your 2013 taxes:

UK Office of Gift and Estate Planning
800–875–6272 or 859–257–7886
giftandestate@uky.edu