IRA
The Emergency Stabilization Act, signed into law on October 3, 2008, provides an exciting, tax-smart charitable giving opportunity.Dominican University will make it easy to complete your gift by coordinating the IRA charitable distribution with your IRA custodian or financial advisor.
- You must be 70 years of age or older
- IRA transfers must go directly to Dominican University
- Distribution cannot exceed $100,000
- IRA transfer can count toward your minimum distribution
This special IRA rule is available only until December 31, 2009.
Benefits are also provided to younger donors. IRA funds can be withdrawn and donated to a charity without the 10% penalty for early withdrawals for those over the age of 59.
For assistance in completing a gift from your IRA or for more information, contact the Office of Planned Giving at 708.524.6307 or email development@dom.edu.
“My decisions at work are constantly informed by what I learned in my MBA courses at Dominican. The curriculum and the faculty have made a lasting contribution to my professional expertise. In my competitive work environment, I feel well prepared.”
Steven Ramel
MBA 1996
Senior Vice President
GE Commercial
Finance
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