Between now and the end of the year, you have the opportunity to use your IRA assets to impact the future of Valpo in a simple, direct manner.
How? Through a direct rollover of IRA assets to Valpo (up to $100,000) you will be able to fulfill your Minimum Required Distribution as well as avoid declaring the distribution as income as you are ordinarily required.
You can use these funds to satisfy a pledge, create a new scholarship or other endowed fund, or support any other university project, like the Union or the FITT project.
The opportunity to rollover these funds tax-free is only available to persons age 70 1/2 or older before Dec. 31, 2007. Others may make gifts through IRA assets, but will have to pay tax on the distribution first, before taking an offsetting charitable deduction.
If you have any questions, or would like more information about how to support Valparaiso University under this new provision, please contact us at (800) 803-7184, ext. 76 or contact us.