The IRA Charitable Rollover Is Back for 2013March 27, 2013
On January 2, the American Taxpayer Relief Act of 2012 was signed into law. This act brings back the popular IRA charitable rollover provision which allows donors who are 70½ years of age or older to make a gift of up to $100,000 from their IRAs directly to charitable organizations without having to include the IRA gift amount on their income tax forms. Donors to Columbia University may choose to use the IRA Charitable Rollover to give to the University and its programs. The process to make a gift is simple and direct:
When you decide to take a distribution for 2013 from your IRA, you should contact your plan administrator to ask if the plan has a specific form to use.
Include a letter to Columbia University Medical Center stating the purpose of your contribution and if the gift should be allocated to a specific fund or department.
You will need to provide the plan administrator the following:
- The official name of the University: The Trustees of Columbia University in the City of New York
- The federal tax identification number of the University: 13-5598093
- Please direct the plan administrator to mail the check to:
The Office of Gift Planning
Attn: Laura Tenenbaum
100 Haven Avenue, Suite 29D
New York, NY 10032
IRA Charitable Rollover donations can be directed to any program or department at Columbia University Medical Center or the College of Physicians and Surgeons.
For more information, email firstname.lastname@example.org or call (212) 342-2108.