IRA Charitable Gifts

Nov 15, 2016

One way to ensure that what you’ve built over your lifetime lives on is by supporting a place that makes a difference every day – KUT. And one of the easiest ways to do that is with an IRA charitable gift.

If you are 70½ or older, you are required to distribute funds annually from your Individual Retirement Account (IRA). This mandatory distribution often creates a tax burden. But federal law* allows you to make direct, annual transfers of up to $100,000 from an IRA to charity without treating the distribution as taxable income. These "charitable transfers" can significantly lower your taxable income, and a direct transfer to UT Austin from your IRA counts toward your minimum required distribution.

An IRA charitable gift can benefit retirees, who often have paid off their mortgages and don’t file itemized returns. The gift may help to neutralize the negative tax consequences of a required minimum distribution.

*Established under the Pension Protection Act

To qualify for the IRA charitable transfer, the gift:

  • Must come directly from your IRA administrator

  • Should be made payable to The University of Texas at Austin (your IRA administrator should include your name and note that the gift is for KUT Radio)

  • Be mailed to: 
    The University of Texas at Austin
    Gift Planning Team
    P. O. 7458
    Austin, TX 78713-7458

UT Austin’s (and KUT’s) Tax Identification No. is 74-6000203

For questions call 512-471-4502 or email leadership@kut.org.

Note: All estate gifts are made to the Board of Regents of The University of Texas System for the benefit of The University of Texas at Austin for the further benefit of KUT Radio. As with any decision involving your assets, we urge you to seek the advice of your professional counsel when considering a gift to KUT Radio.