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1-800-558-8311
IU Foundation
Post Office Box 500
Bloomington, IN 47402
IRA "Rollover" Keeps on Rolling
The Emergency Economic Stabilization Act of 2008 has been extended until the end of 2009. If you are 70½ or older, you can use your IRA funds to make charitable gifts without it counting as a tax distribution.
Charitable Lead Trust—Nongrantor
How Does It Work
- Create trust agreement outlining terms of the trust—usually for a term of years
- Transfer cash or other property to trustee
- Trustee invests and manages trust assets
- Trustee makes annual payments to Indiana University
- Remainder transferred to your heirs
Benefits
- Annual gift to Indiana University
- Future gift to heirs at fraction of property's value
- Professional management of assets during term of trust
- No charitable deduction, but donor not taxed on annual income
