Congress has re-authorized legislation that allows donors to make charitable gifts from their traditional IRAs or Roth IRAs during tax years 2008 and 2009 without incurring income tax on the withdrawal. Individual donors who are age 70½ or older may make gifts up to $100,000 in each tax year; spouses who have separate IRA accounts may each contribute up to $100,000 for a total of $200,000 per couple. Gifts must be outright and made directly to The UCLA Foundation in order to qualify.

IRA gifts can be used to satisfy Minimum Required Distribution (MRD) and are not subject to the 50 percent deductibility ceiling or the 2 percent rule. Contact the UCLA Office of Gift Planning at (800) 737-8252 for more information.