There are multiple advantages to making an IRA rollover gift:
- Your gift will qualify for your 2016 required minimum distribution.
- You will not have to pay federal income tax on the amount given from your IRA (up to $100,000 per year), so you benefit even if you do not itemize your tax deductions.
- Your gift can be directed to the UK program or project of your choice.
Simply tell your IRA plan custodian to make a transfer from your IRA account directly to the University of Kentucky by December 31.
For additional information, please contact:
Ford Stanley, Senior Director of Estate and Gift Planning
Executive Director of University of Kentucky Real Estate Foundation
800-875-6272 or 859-257-7886