Gift Planning

Qualified Charitable Distribution from an IRA

Gifts from your Individual Retirement Account can be given to an eligible charitable organization, like Princeton.

Up to $100,000 of the gift is excluded from your gross income for tax purposes. These gifts also apply to your required minimum distribution.

How it works:

  1. You make a distribution directly from an IRA to Princeton by December 31.
  2. The distribution counts toward your required minimum distribution.

Are you eligible?

  • You are at least 70½ years of age
  • The distribution must otherwise be included in gross income
  • The distribution must otherwise be fully deductible as a charitable contribution.

Benefits

  • Up to $100,000 is removed from your gross income for income tax purposes.*
  • The distribution counts toward your required minimum distribution.

Could a charitable distribution from an IRA work for you? Please contact us.

PDF iconSee Sample Transfer Instructions for Check or Wire Transfer

*Certain IRS limitations apply. The information presented is not intended as legal or financial advice. Please consult your own professional advisors to discuss your specific situation.


Information for Estate Attorneys and Administrators

Our legal name is: Trustees of Princeton University
Our tax ID number is: 21-0634501
Our address and contact information for estates and trusts is:
Office of the General Counsel
Princeton University
New South Building, Fourth Floor
Princeton, NJ 08544
609.258.2500


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