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Make a Gift from your Individual Retirement Account (IRA)

The Pension Protection Act of 2006 (PPA) has created a wonderful opportunity for you to give to the University from your Individual Retirement Account (IRA) while excluding the amount of your gift from gross income. The provision applies to gifts completed on or before December 31, 2007.

You can also lower your federal taxes by having any required minimum distributions for 2007 paid directly to Seton Hall (or other qualified charity).

To be eligible:

  • The account owner must be 70 ½ or older at the time of the gift;

  • The transfer must go directly from the IRA to Seton Hall;

  • The gift must be outright; it cannot be used to fund a charitable remainder trust or gift annuity;

  • The gift cannot exceed $100,000 per person ($200,000 per married couple).

How do I make a gift from an IRA Distribution?

You can make a gift from your IRA in two easy steps:

  1. Write to your IRA Administrator.
  2. Let Seton Hall University know about your gift.

Click to view sample letters to your IRA Administrator and to Seton Hall or download editable Microsoft Word versions of these letters.