The charitable IRA rollover provision of the Internal Revenue Code was made permanent by Congress in 2015. This provision allows you to transfer any amount, up to $100,000, from your IRA directly to Longwood University. This is a tax-advantaged way to make your annual gift to Longwood University Foundation or your Reunion gift.

The distribution is tax-free and counts toward your required minimum distribution, allowing you to avoid income tax on this distribution. To qualify, you must:

  • Be 70 1/2 or older
  • Instruct your IRA administrator to transfer up to $100,000 directly to Longwood University Foundation
  • Make the gift by December 31, 2018, to qualify as a tax-free charitable IRA rollover for 2018

Transfers to charitable gift annuities or to charitable remainder unitrusts do not qualify.

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