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STEP 1: EXPLORE

STEP 2: RESEARCH

STEP 3: CONTACT

Lifetime Gift from a Retirement Account
Under Pension Protection Act of 2006 - IRA
Charitable Rollover
(Complete gift description)

You may find benefits in making a direct distribution from your IRA to Berkeley if the gift qualifies as an IRA Charitable Rollover under the Pension Protection Act of 2006.

1. Who Qualifies?
   Individuals who are age 70½ at the time of the contribution (you have to wait until your actual 70½ birthday to make the transfer).
2. How much can I transfer?
   Up to $100,000 per year in 2006 and 2007
3. From what accounts can I make transfers?
   Transfers must come from IRAs directly to Cal. If you have retirement assets in a 401(k), 403(b) etc., you must first roll these assets into an IRA, and then direct the transfer from the IRA to University of California, Berkeley Foundation.
4. To what charities can I make gifts?
   Tax exempt organizations like Berkeley which usually allow income tax deductions.
5. Can I use the transfer to fund life-income gifts (CRTs, CGAs, PIFs or the like)?
   No, these are not eligible.
6. Can I use donor advised funds or supporting organizations?
   No, these are not eligible.
7. How does the University count the gift?
   Berkeley would recognize and give credit for the entire gift amount, just as it would for any outright gift.

For more information

Email us, complete the personal gift proposal form, or call us at 510-642-6300 so that we can assist you through every step of the process.