Estate and Gift Planning Corner

There’s Still Time…

Charitable IRA Rollovers

A total of up to $100,000 can be transferred directly from your individual retirement account to the UM Foundation free from federal income tax each year. Amounts given in this way count toward required IRA minimum withdrawal amounts for the year of the gift.

How it Works

• You must be 70½ or older at the time of distribution.
• You may distribute any amount up to $100,000 in a calendar year to charity, as long it is completed by December 31 of the year in which you intend to make the charitable distribution.
• Your IRA administrator must make the distribution directly to the charity, or you may write a check payable to the charity from your IRA checkbook.

Contact Alison Schultz at 406.243.5121 or