Make a Gift From My IRA
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Thank you for considering an IRA charitable rollover gift to us. The website link will take you to your IRA custodian's website, where you may be able to log in and make a gift to Lamar University Foundation. Another option is to use the phone number to call your IRA custodian. They will assist you in making an IRA charitable rollover gift. If you would like to notify us of your generous IRA charitable rollover, please complete the Notify us of your IRA charitable rollover section. Please note this is a time sensitive transaction. If the IRA charitable rollover is intended to satisfy your required minimum distribution for the current year, verify with your custodian that this transaction will be completed prior to December 31. If the transaction is not completed prior to December 31, you may be subject to penalties if you have not satisfied your required minimum distribution. |
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| Thank you for considering a IRA gift to us. A sample letter is available to send to your DAF provider. You may save and print the PDF of your letter. If you have email contact information for your DAF provider, you may send a PDF copy of your DAF letter or you may copy and paste the text into an email. You will need to enter the amount of your recommended grant and your DAF account number on the letter before mailing. If you would like to notify us of your generous gift, please complete the Notify us of your DAF Gift section. | ||||||
IRA Charitable Rollover
If you are aged 70½ years or older, you may want to consider making a charitable donation through a Qualified Charitable Distribution ("QCD"). A QCD is a direct transfer of funds from your IRA custodian to a qualified charity.
The Lamar University Foundation serves as the preferred channel for private gifts to all areas of Lamar University to support its educational mission.
IRA Charitable Rollover
IRA (Custodian)
Lamar
Benefits of an IRA charitable rollover
- Unlike regular withdrawals from your IRA, a QCD excludes the amount donated from taxable income
- QCDs don't require that you itemize, which means you can take advantage of the higher standard deduction afforded by recent tax law changes and still use a QCD for charitable giving
- QCDs can be counted toward satisfying your required minimum distributions (RMDs) for the year, up to $105,000 and as long as certain rules are met
- QCDs allow you to make a gift that is not subject to the deduction limits on charitable gifts
- Help further the work and educational mission of Lamar University
How an IRA charitable rollover gift works
- Contact your professional advisors to ensure compliance with tax laws.
- Contact your IRA plan administrator to make a Qualified Charitable Distribution from your IRA to the Lamar University Foundation.
- Your IRA funds will be directly transferred to the Lamar University Foundation.
- Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
- Please contact us if you wish your gift to be used 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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