Purdue University

Giving to Purdue

University Development Office

IRA Gifts

Giving  to Purdue From Your IRA in 2013

The IRA Charitable Rollover has been extended through December 31, 2013. It permits a taxpayer age 70 ½ years or older to donate up to $100,000 directly from an IRA to Purdue University. The amount transferred will count toward the owner’s required minimum distribution (RMD) and will not be included in his or her taxable income. Because the funds you give away are never taxed as income, your gift does not qualify as a charitable income tax deduction.
Our sample IRA Charitable Rollover letter can help you arrange this type of gift with your IRA administrator. 
Take the following steps to take advantage of this opportunity:

  • Provide your IRA custodian with the sample letter above or provide your advisor with our taxpayer ID number and mailing address:

    • Purdue University
      Dick and Sandy Dauch Alumni Center
      403 West Wood Street
      West Lafayette, IN  47907
      Taxpayer ID# 35-6002041

  • The IRA custodian must make the check payable to Purdue University.
  • Notify us to expect your gift and tell us where to direct the funds so we can be certain to provide you with the proper receipting to satisfy the IRS requirements.

If you are contemplating a charitable gift under the new laws, please feel free to contact the Purdue University Office of Planned Giving by email at plangift@purdue.edu or call 765-494-2730 or 800-677-8780 for additional information.