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Tax-Free Charitable IRA Rollover Option is Back for 2011

Charitable IRA rollover giving is back in 2011!

The charitable IRA rollover is back for 2011. You don’t have to pay taxes on your charitable IRA withdrawals!

In 2011, you can make a gift to EMU from your Individual Retirement Account (IRA) tax-free, helping shape the education of future generations of peacebuilders, service workers, and leaders of meaningful change in the world.

And you could save from 20¢ to 40¢ on the dollar.

Rules for 2011 IRA rollovers

• You must be age 70½ or older to request a rollover from your IRA to EMU.
• Gifts must be made from a regular IRA or a Roth IRA. Gifts from a SEP IRA are not eligible.
• Checks must be made payable directly to EMU by your IRA custodian. [Caution: Please do NOT have the check issued in your name.]
• Checks can be mailed to EMU or directly to you. It is preferable to have the check sent directly to EMU. This assures a more timely delivery.
• The maximum amount that can be given in one year by an IRA donor is $100,000. This can be one gift to one charity or the total of multiple gifts to several charities.
• Your gift can be used to fulfill a pledge.
• Please inform EMU about a pending gift since your custodian may send a check without including your name.
• You cannot give from your IRA for charitable gift annuities or for charitable remainder trusts.
• You cannot give to a donor advised fund.
• The Mennonite Foundation is not eligible to receive these gifts.

Other gift information

  1. Send a letter to your IRA custodian giving them instructions for sending your gift to EMU, 1200 Park Road, Harrisonburg, VA 22802. [EMU’s EIN number is 54-057581]
  2. Either send a copy of that letter or a separate notification letter to EMU for our records.

Have questions?

Sure you do! Be in touch with development program directors, listed below, or call the university development office toll-free at 800-368-3383 at your convenience.

  • Art Borden, Director of Planned Giving: 540-746-5127 (direct line) or art.borden@emu.edu
  • Phil Helmuth, Executive Director of Development: 540-746-2068 (direct line) or phil.helmuth@emu.edu

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