Now is a Great Time to Make a Gift from Your IRA to Cooper
The current tax law allows IRA owners or beneficiaries over age 70-and-a-half to transfer up to $100,000 directly from their IRA to The Cooper Union without having to include the distribution in taxable income. This tax law is set to expire on December 31, 2013. Consider making such a gift to The Cooper Union before the end of the year.
If you would like to make a gift from your IRA to The Cooper Union, you should contact your IRA administrator for the necessary forms to request that the distribution be made to The Cooper Union.
For further details, please contact:
Donna M. Lippman
Director of Planned Giving
The Cooper Union for the Advancement of Science and Art
30 Cooper Square, 8th Floor
New York, NY 10003-7120
Phone: (212) 353-4172
We recommend that you contact your tax and financial advisors to learn how the tax law affects your particular situation.