Earn tax benefits by making a gift from your IRA to Millikin before Dec. 31. Under this provision, such gifts can:
- Count toward your required minimum distributions for 2011 and
- Be excluded from your gross income: a tax-free rollover.
- You must be 70½ or older at the time of the gift
- Transfers must go directly from the IRA to Millikin
- Your total IRA gift(s) cannot exceed $100,000 per year
- Gift(s) must be outright.
This opportunity is currently scheduled to expire Dec. 31, 2011.
To make your IRA Rollover gift to Millikin, email Anne-Marie Proske Berk '88 or call her at 1-877-JMU-ALUM.
Act now to lock in the best charitable gift annuity rates.
Now's the time to act if you are age 55 or older and considering a charitable gift annuity with Millikin University. Due to a lowering of the suggested rates by the American Council on Gift Annuities, Millikin's charitable gift annuity rates will decrease on Jan. 1.
A charitable gift annuity is a fantastic way to make a gift to Millikin and realize guaranteed payments for life. Gift annuity payments can start immediately or can be deferred to begin at a set time in the future.
The deferred charitable gift annuity can be used as a "charitable retirement plan supplement." This plan enables a donor to make a gift now and take a charitable income tax deduction while in a higher tax bracket. Income may be deferred until after retirement, when the rate of tax will presumably be lower. Deferred gift annuities are creative ways to delay income to pay for children's or grandchildren's college expenses, supplement your retirement income or assist with future living arrangements.
For more information on establishing a charitable gift annuity with Millikin University, please visit our website at www.millikin.edu/alumni/investmentgiving (click on Ways to Give) or contact Anne-Marie Berk, firstname.lastname@example.org or Stacey Hubbard, email@example.com, 1- 877-JMU-ALUM.