Individual retirement account (IRA) owners aged 70 ½ or older can give up to $111,000 directly to charity from their IRA, tax-free. The amount of the charitable distribution can be excluded from your federal income, lowering your overall tax liability. This option provides tax savings even if you do not itemize deductions. If you are eligible and wish to make a gift to benefit the campus, college or program of your choice, consider a qualified charitable distribution (QCD). This type of gift can also be used to satisfy a pledge.

If you are 70 ½ or older, you can make a one-time QCD of up to $55,000 from your IRA to fund a gift that provides income, such as a charitable gift annuity. Special rules apply.

Making an IRA gift to the University of Minnesota
Contact your IRA plan administrator and request a direct qualified charitable distribution from the IRA account to the University of Minnesota Foundation, a 501(c)(3) organization, with tax ID number 41-6042488.

Mail the check to:
University of Minnesota Foundation
P.O. Box 860266
Minneapolis, MN 55486-0266

If you have already made an IRA gift to the University — thank you! If you have questions about making a gift from your IRA, please contact the University of Minnesota Foundation’s Office of Gift Planning by calling (800) 775-2187 or 612-624-3333 or emailing [email protected].
 

February 2026