print this page email this page decrease font size increase font size

Gifts from retirement plans during life—IRA rollovers

Gifts from Retirement Plans During Life Diagram

How It Works

  1. You take a distribution from your qualified retirement plan or IRA that is includable in your gross income
  2. You make a gift of the distribution or of other assets equal in value to the distribution
  3. You receive an offsetting charitable deduction
  4. If you are 70½ or older, read ahead about the IRA rollover opportunity available to you

Benefits

  • You may draw on perhaps your largest source of assets to support the programs that are important to you at Loyola
  • The distribution offsets your minimum required distribution
  • If you use appreciated securities instead of cash from your distribution to make your gift, you'll avoid the capital-gain tax on the appreciation

Next steps

Back

© Pentera, Inc. Planned giving content. All rights reserved. Disclaimer