Need to satisfy your Required Minimum Distribution*? Here’s the smart solution.
– Connor Sutton, ’61 and Ria Sutton, ‘64
IRA Charitable Rollover
If you are 70 ½ or older and don’t need your IRA funds to support yourself, you might want to consider transferring your required minimum distribution* (the minimum amount you must withdraw each year) directly to University of the Pacific.
Why is this a good idea?
A few reasons:
You can reference our Frequently Asked Questions, or let us know how we can help you by filling in the form below. We’ll be in touch to answer your questions!
* Congress has waived the annual Required Minimum Distribution from IRA Accounts in the year 2020 as part of the CARES Act in response to COVID-19. Please consider seeking advice from your financial advisor or tax professional to understand how recent changes to laws governing retirement plans may impact you and your charitable gift.