Tax-Free IRA Contributions

How Does It Work?

Under current law, if you are 70 or older you can make a tax-free charitable contribution of up to $100k each year from your IRA directly to a nonprofit. California Western is a 501 (c)(3) organization and is eligible to receive such contributions. To make an IRA contribution, simply contact your IRA account manager and request a distribution form.

When planning a contribution from your IRA, you will need to consider how you would like your gift to be used—whether unrestricted in purpose or restricted to a specific purpose such as student scholarships or to support a clinic. You should also consider if you want your gift to be expendable (spent in full when received) or endowed (to last in perpetuity).

Benefits:

• A charitable contribution from your IRA is tax-free and easy to execute.
• You have control over how your gift is used.
• It is repeatable year after year.

This Might Interest You If…

You want to make a gift to California Western and you:

• Want your gift to support our students and our work, but you lack liquid assets.
• Want your gift to make a difference to California Western students now and for years to come.