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IRA Charitable Rollover

You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit this year.

IRA Charitable Rollover
IRA (Custodian)
NU
Charity image

Benefits of an IRA Charitable Rollover:

  • Avoid taxes on transfers of up to $100,000 from your IRA to our organization;
  • Satisfy your required minimum distribution (RMD) for the year;
  • Reduce your taxable income, even if you do not itemize deductions;
  • Make a gift that is not subject to the deduction limits on charitable gifts; and
  • Help further the work and mission of our organization.

HOW TO MAKE A GIFT FROM YOUR IRA:

  1. The process to make a gift to Norwich begins with calling your IRA custodian/trustee/administrator and informing them that you would like to make a charitable contribution to Norwich University from your IRA.
  2. They will ask you to complete a "Check Request Form" with an amount.
  3. Norwich's tax ID # is 03-0179-424.
  4. The IRA custodian must make the distribution payable to "Norwich University".
  5. Please instruct the custodian to send the check to:
    Norwich University, ATTN Megann O'Malley, 158 Harmon Drive, Northfield, VT 05663
  6. Once you have initiated this process, please notify the Associate Director, Megann O'Malley at (802) 485-2282 / momalley@norwich.edu. She will track your gift to ensure it is properly handled.

Contact Us

If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.

Megann O'Malley
Associate Director
802.485.2282
momalley@norwich.edu

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