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Easy IRA Gift
Barbara retired after forty years as a teacher. She had volunteered for many years with Oral Roberts University. She had an IRA and was nearing the time to take her required payout for this year in the amount of $2,000. Since Barbara did not need the income, she decided to make a gift of $2,000 from her IRA to reflect her support.
Barbara: My pension had benefited from the last stock market boom. I had more IRA income than I needed to cover my living expenses. I saw all of the good Oral Roberts University had accomplished over the years and wanted to give something back.
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Barbara called our gift planner and learned of a simple and easy method to make a gift to benefit our organization. Now that she was over age 70½, she had the option of rolling over up to $100,000 from her IRA to charity without paying any taxes.
Barbara called her IRA custodian and requested a transfer of her $2,000 required distribution from her IRA directly to Oral Roberts University.
Barbara: It was very easy to make an IRA charitable gift. The part I like best is that I could help my favorite charity with my required distribution.
For more information please select one of the following options:
1. If you would like to receive more information on the benefits of an IRA gift click here.
2. To learn more about making an IRA gift, you may print a brochure. Click Here.