Extension of the IRA Charitable Rollover for 2008 and 2009
Take advantage of this renewed giving opportunity!

In October 2008, the U.S. Congress approved an extension of the IRA Charitable Rollover as part of the Emergency Economic Stabilization Act of 2008. It sets forth a process by which a person may instruct the trustee of his or her individual retirement account (IRA) to make a direct contribution to a qualifying charity.

The law is identical to the provision contained in the Pension Protection Act of 2006.

You may contribute funds if:

• You are 70½ or older.
• You own an IRA or are the beneficiary of an inherited IRA.
• Your gift is no more than $100,000.
• You make the gift on or before Dec. 31, 2009.
• You transfer the funds directly from an IRA or rollover IRA to a qualified charity.

You may:

• Use qualified charitable distributions to make outright gifts to Quinnipiac.
• Use qualified charitable distributions to make payments on existing pledges.

You may not:

• Make qualified charitable distributions from other retirement accounts such as 401(k), 403(b), profit-sharing plans, etc.
• Make gifts to donor-advised funds or supporting organizations.
• Use the IRA distribution to fund a charitable remainder trust or charitable gift annuity.

How to make a gift:

• Contact your IRA custodian for the forms necessary to make a gift based on the Pension Protection Act to a qualified charity.
• Instruct him or her to make gifts payable to Quinnipiac University, federal tax ID number
  06-06-46-701
• Let Quinnipiac know about your gift!

It is important that your IRA custodian know that the distribution must be postmarked no later than December 31, 2008, if you wish the gift to qualify for exclusion from your income in 2008.

Please call Steven Greaves 203-582-3995 or 877-582-1929 (toll-free) or e-mail steven.greaves@quinnipiac.edu for further information or to inform us of a pending gift.

To calculate the benefit of a charitable gift to Quinnipiac University, click the icon: