Reminder: Make your Tax-Free IRA Rollover Gift by December 31, 2011

IRA Rollover

Act now! The IRA charitable rollover provision will expire on December 31, 2011.

Here’s how it works:

- You must be 70 ½ or older.

 

- Choose how much you want to contribute, up to $100,000 per taxable year, per IRA account holder.

 

- Transfers for the 2011 taxable year must be complete by December 31, 2011.

 

- The amount you transfer is not counted as part of your taxable income, so there is no income tax deduction available.

 

Transfer in 3 easy steps:

1.) Have your IRA custodian transfer the money directly to the Corporation of Gonzaga University. Gonzaga’s Tax ID number is 91-0236600.

2.) Mail check to:

Gonzaga University
Office of University Relations
502 E. Boone Avenue
Spokane, WA 99258-0098

3.) Call Judy Rogers in the Office of Planned Giving to discuss the best use of your gift. Judy can be reached at (509) 313-6141 or (800) 388-0881. For more information visit
www.gonzaga.edu/IRA.

Also, if you would like to make a
year-end gift of stock, contact the Office of Planned Giving no later than December 16. Now is a great time to begin planning your charitable gifts that will count for the 2011 taxable year.

 

Office of Planned Giving
502 E Boone Avenue
Spokane, WA 99258-0098
(509) 313-6141
(800) 388-0881
www.gonzaga.edu/plannedgiving