Gifts can be made directly to St. Lawrence from your IRA and the distribution will not be taxed as income.

As part of the Economic Stabilization Act of 2008, certain provisions of the Pension Protection Act of 2006 were extended, including some related to charitable giving.

In each of the years 2008 and 2009, an owner of a traditional or Roth IRA who is at least 70 ½ years old may give up to $100,000 directly from the IRA to a charity, such as St. Lawrence, without that distribution being included in taxable income. The distribution to charity will count toward the IRA owner’s mandatory withdrawal amount.

In order to make a gift from your IRA, you need to instruct the IRA manager to transfer funds directly to St. Lawrence. A sample letter requesting this action is available for your use.

If you have questions and would like to discuss giving from your IRA, please contact the Planned Giving Office at manleysociety@stlawu.edu or 1-800-379-9541.

Sample letter to IRA account manager

Full Explanation of IRA Rollover