How does the IRA Rollover work?
- Donor must be 70 ½ years of age or older and have an Individual Retirement Account (IRA) or Roth IRA
- Can contribute up to $100,000 without having to count the distributions as taxable income
- In order to qualify for the tax-free treatment, the donor can not claim a charitable income tax deduction for the gift or receive any goods or services in return for the charitable IRA rollover contribution
- Contributions made between January 1, 2010 and December 31, 2010, are eligible for the enhanced tax benefit
To participate in the Charitable IRA Rollover program, contact your IRA representative.
Checks must be issued directly from the IRA to the Missouri State University Foundation and should designate the recipient as either Ozarks Public Television or KSMU.
Missouri State University Foundation
300 S. Jefferson Ave
Suite 100
Springfield, MO 65806
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