The IRA Charitable Rollover

As of December 18, 2015, the IRA Charitable Rollover was passed by Congress and signed into permanent law by the President, allowing taxpayers age 70 ½ or older to transfer up to $100,000 annually from their IRA accounts directly to charity without first having to recognize the distribution as income.

If you’re 70 ½ or older, this type of gift would be free of Federal income tax and qualify for your 2018 required minimum distribution, up to a maximum amount of $100,000. It must be transferred directly from your IRA account to the University of Oklahoma Foundation.

The Foundation is happy to assist you in any way possible as you make your year-end giving plans, including wire transfer instructions or visiting with our Controller, James Vaughn, at (405) 321-1174 or jwvaughn@ou.edu.

This information is provided for general reference purposes only and is not intended to constitute legal or other advice or opinions on any specific matters and is not intended to replace the advice of a qualified attorney or other professional advisor. Federal and state laws change frequently and, as such, there is no guarantee as to the accuracy or completeness of the information featured herein. In accordance with IRS Circular 230, this communication is not intended or written to be used, and cannot be used as or considered a 'covered opinion' or other written tax advice and should not be relied upon for any purpose other than its intended purpose.

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University of Oklahoma Foundation Investment Performance

No matter whether the markets are up or down on any given year, the University of Oklahoma Foundation strives to maintain the purchasing power of its endowment. The long-term investing goal is to earn 8% over time, which covers the annual 5% dividend plus a 3% annual cost of living increase.

13.9

Percent return for the endowment in Fiscal Year 2017

-2.3

Percent return for the endowment in Fiscal Year 2016

5

Percent return for the endowment in Fiscal Year 2015

19.5

Percent return for the endowment in Fiscal Year 2014

10

Percent five-year annualized investment return for the endowment