CHARITABLE IRA ROLLOVERS

Your IRA. Your Tax-free Gift.
Your Life-changing Investment.

Did you know that you can use your IRA to make a significant gift to UW Medicine?

Gifts are vital to the work we do in patient care, research and education. Using your IRA may be a powerful way your generosity can support the programs and departments you care most about — while offering tax savings for you, too.

Questions about charitable IRA rollovers? See our FAQ section for answers to common questions.

Questions? We can help.

Would you like to learn more about charitable IRA rollovers? Please contact Mary Susan Wilson at UW Medicine Advancement at 206.221.6172 or mswilson@uw.edu. Thank you for your interest!

Overview

Would you like to provide scholarships for medical students? Support research in areas that range from cancer to Alzheimer’s disease? Help us care for patients at our medical centers and clinics around the Puget Sound region?

Charitable IRA rollover gifts can do all of that and more. They’re a simple — and financially smart — way to support the UW Medicine department or program that inspires you.

A Tax-free Investement

A charitable IRA rollover may include some notable financial advantages for you.

  • The rollover counts toward your required minimum distribution for the year.
  • Charitable IRA rollovers are a tax-free gift.
  • Your charitable IRA rollover may reduce your taxable income.

Please note that a charitable IRA rollover is not included in your income for income tax purposes and that you cannot claim an income tax deduction for the gift. Ask your financial advisor for more details on how making a charitable IRA gift could affect you.

Frequently Asked Questions

Am I eligible to make a tax-free gift from my IRA?

  • You must meet the required minimum age on the date of the gift.
  • You can donate up to $100,000 per year to a public charity (such as the University of Washington).
  • Funds must be transferred directly to the UW from a traditional or Roth IRA.
  • Your gift will count toward your required minimum distribution for the year of the gift.

When can I give?

The charitable IRA rollover exception used to be time-limited and episodic: on one year, off the next. Congress recently made it permanent, and you can now give anytime you wish.