Planned Giving - IRA Rollovers

  

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Benefits of an IRA Charitable Rollover

1. Avoid taxes on transfers of up to $100,000 from your IRA

2. Satisfy your required minimum distribution (RMD) for the year

3. Reduce your taxable income, even if you do not itemize deductions

4. Make a gift that is not subject to the deduction limits on charitable gifts

5. Help further the work and mission of our organization

Rollover Your IRA to the University of Central Oklahoma—Tax Free

Did you know that if you are 70.5 years or older, you can make a tax-free distribution from your IRA to the University of Central Oklahoma. Any qualified contribution up to $100,000 counts toward your required minimum distribution. Your spouse may also make a qualified charitable distribution up to $100,000.

The transfer for a calendar year must be made by December 31 of that year.

Contributions must be made directly from your IRA. We are happy to work with your plan administrator to arrange a distribution of any amount up to $100,000.

To find out more, please visit our IRA rollover FAQs page.

Instructions

1. Call the IRA custodian (UBS, Fidelity, Merrill Lynch, Schwab, Vanguard, etc.) holding your IRA. Ask the representative to cut a check for the amount you choose, up to $100,000, made out to "The University of Central Oklahoma Foundation"

Mail the check to:

UCO Foundation
100 N. University Box 133
Edmond, OK 73034

2. Call Brenda Knott at 405-974-2770 or e-mail her at bknott1@uco.edu. Let her know:
• your name and class year
• the amount of your check
• the name of the IRA custodian (UBS, Fidelity, Merrill Lynch, Schwab, Vanguard, etc.)
• if the gift is to the UCO Foundation Unrestricted Fund, a restricted gift (if restricted, please describe the details), or a combination of the two. You can have one check cover all your gifts.
• when the check is due to arrive at the UCO Foundation

Brenda will help make sure that, upon its arrival, the check is applied as you wish.

Central's contact person regarding IRA Charitable Rollover Donations:

Brenda Knott
Associate Vice President for Advancement
University of Central Oklahoma
100 N University Box 133
Edmond, OK 73034

Phone: 405-974-2770