Now is a great time to make a charitable donation from your traditional individual retirement account (IRA) free from any federal income penalty. The 2011 tax provision allows donors aged 70 ½ and older to make a charitable contribution to Oakland University from a qualified IRA.
Taking advantage of this limited opportunity is a great way to further the mission of Oakland University in a tax-smart and friendly way. To learn more about the tax benefits and evaluate this opportunity for yourself, check out this great article from Smart Money.
This tax provision will expire on December 31, 2011.
Learn how the former School of Education and Human Services Interim Dean Bill Keane and his wife Gerry took advantage of this opportunity by reading their story on the Planned Giving website.
To explore more ways to give back to Oakland University this tax year, please contact: giftplan@oakland.edu or call the Office of Planned Giving at (248)364-6158.