Make a Qualified Charitable Distribution to UB from Your IRA
If you are 70.5 years old or older, you can make a tax-free IRA gift to UB.
A Qualified Charitable Distribution (QCD) lets you transfer up to $111,000* from your traditional Individual Retirement Account (IRA) directly to a charity — without paying income tax.
A QCD (also called the IRA charitable rollover) is a win-win:
- You get tax benefits even if you don’t itemize your deductions
- UB receives the full amount of your gift tax-free and can use it immediately, which means you can see the impact
- You may get lower Medicare premiums and pay less tax on your Social Security, since a QCD can lower your income
* The amount may change each year
When you are 73 and older, you may have to take a Required Minimum Distribution (RMD) from your IRA. You can make an RMD directly to UB, which is a great way to fulfill all or part of your RMD requirements — and support a world-class university in a tax-efficient manner.
When you make a bequest to UB, you decide how it will be used, including:
- Supporting students through scholarships and opportunities
- Advancing world-changing research
- Making your community more resilient
Whatever you choose, we’re proud to be good stewards of your generosity.
- Because advisors are not always in a position to notify UB of planned gifts, by you letting UB know about your plans, you help ensure your intentions are clearly understood and fulfilled.
- We want to make sure you’re properly recognized for your thoughtful planning.
For more information, or to talk more about how you can make a difference, please contact:
Wendy Irving, Esq.
Associate Vice President for Planned Giving
Office of Planned Giving
If you include the University at Buffalo in your plans, please use our legal name and federal tax ID number.
Legal Name
University at Buffalo Foundation, Inc.
Address
P.O. Box 900, Buffalo, NY 14226-0900
Federal Tax ID Number
16-0865182
This information is provided for educational purposes only, and is not intended as legal or tax advice. Please consult a legal professional and/or financial advisor. Federal and/or state laws are subject to change and may affect your situation.