How to Complete Your Gift

  1. Choose the IRA from which you?d like to make your gift.
  2. Select the amount of gift you would like to make.
  3. Contact the IRA administrator for the forms necessary to transact your gift. Or use the following sample letter to send to your IRA administrator.

    Date

    Name of IRA Administrator
    Address
    City, State ZIP

    RE: Request for direct charitable distribution from my IRA

    Dear IRA Administrator:

    Please accept this letter as my request to make a direct charitable contribution from my individual retirement account number [insert number here] as provided by the American Taxpayer Relief Act of 2012 and as extended by Congress through 2013. Please issue a direct transfer of funds in the amount of $_______ payable to [insert official name of qualified charitable organization and its federal tax ID number] (which is a public charity and is not a donor advised fund or supporting organization), at the following address:

    Name of qualified charitable organization
    Address
    City, State ZIP
    Attn: [insert name of organization's development officer]

    In your documentation to the above named charitable organization, please clearly indicate my name and address as the donor of record in connection with this transfer, and copy me on the transmittal at the address below. It is my intention that this gift complies with IRC 408(d)(8). It is also my intention to have this transfer qualify during the 2013 tax year. Therefore, it must be postmarked no later than Dec. 31, 2013.

    If you have any questions or concerns regarding this request, I can be reached at [insert your telephone number and/or email address]. Thank you for your prompt attention to and assistance in this matter.

    Sincerely yours,

    Your name
    Your address
    City, State ZIP
    Your phone number

  4. Let us know of your IRA gift. Please contact Jackie Peterson at 507-933-7543 or jpeters9@gustavus.edu.


Question Mark

Did you know?


If you have a spouse who is 70½ or older and has an IRA, he or she can also give up to $100,000 from his or her IRA.


Your Next Steps
Getting Started | Is This Gift Right for You? | Case Study | How to Complete Your Gift | Action Items