Gifts from Retirement Plans During Life

How It Works

1. You take a distribution from your qualified retirement plan or IRA that is includable in your gross income
2. You make a gift of the distribution or of other assets equal in value to the distribution
3. You receive an offsetting charitable deduction
4. If you are 70½ or older, read ahead about the IRA rollover opportunity available to you

Benefits

• You may draw on perhaps your largest source of assets to support the programs that are important to you at UAB
• The distribution offsets your minimum required distribution
• If you use appreciated securities instead of cash from your distribution to make your gift, you'll avoid the capital-gain tax on the appreciation
  

More Information

Contact Us

Kimberley S. Coppock, J.D. Sr. Director of Development Planned Giving (205) 975-5970 kcoppock@uab.edu

UAB Office of Planned Giving AB 1270 1720 2nd Avenue South Birmingham, AL 35294 Federal Tax ID Number: 63-6005396