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IRA Charitable Rollover

Looking for a way to make a big difference to help Madison prepare students to be educated and enlightened citizens? If you are 70½ or older, charitable gifts made to the James Madison University Foundation, Inc. directly from your IRA (up to $100,000 in 2016) are not reportable as taxable income. They also qualify for your required minimum distribution (RMD) which can lower your income and taxes and support our students today.

IRA Charitable Rollover
IRA (Custodian)
JMU Foundation
Charity image

Benefits of an IRA charitable rollover

  • Avoid taxes on transfers of up to $100,000 from your IRA to our organization
  • Satisfy your required minimum distribution (RMD) for the year
  • Reduce your taxable income, even if you do not itemize deductions
  • Make a gift that is not subject to the 50% deduction limits on charitable gifts
  • Help further the work and mission of James Madison University

How an IRA charitable rollover gift works

  1. Contact your IRA plan administrator to make a gift from your IRA to the James Madison University Foundation, Inc.
  2. Your IRA funds will be directly transferred to the Foundation to help support our students today.
  3. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
  4. Please contact us if you wish for your gift to be used for a specific purpose.

Contact us

If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.

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