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IRA Charitable Rollover

If you are 70½ or older you may be interested in a way to lower the income and taxes from your IRA withdrawals. The IRA charitable rollover is a way you can take your mandatory contribution and make a gift to Bellarmine.

IRA Charitable Rollover
IRA (Custodian)
Bellarmine
Charity image

Benefits of an IRA charitable rollover

  • Avoid taxes on transfers of up to $100,000 from your IRA to Bellarmine University
  • 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 deduction limits on charitable gifts

How an IRA charitable rollover gift works

  1. Contact your IRA plan administrator to make a gift from your IRA to Bellarmine.
  2. Your IRA funds will be directly transferred to Bellarmine University
  3. IRA charitable rollover gifts do not qualify for a charitable deduction.
  4. Please contact us if you wish for your gift to be restricted 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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