How to Give

It’s easy and smart to give through your retirement fund

Retirement and IRA Gifts

Giving UTSA part of your retirement assets, such as from your IRA, 401(k), 403(b), pension, or other tax-deferred plan, is a simple way to make a gift and can keep you in a more advantageous tax bracket. This is especially true for alumni and friends who are aged 70 ½ or older as well as those who must take a required minimum distribution each year. Moreover, retirement plans passed to your children and heirs could lose almost half their value through the income taxes they will have to pay. On the other hand, naming UTSA as a beneficiary generates no income taxes, and the university receives the full value of your retirement plan.

Give Later

Did you know that the beneficiaries named on a retirement plan or life insurance policy determine who will receive these funds, even if they are designated differently in your will? Did you also know that funds remaining in your IRA may be subject to multiple taxes if left to your estate?

It is simple to name UTSA as the beneficiary of a retirement plan, life insurance policy, donor advised fund, or other asset. Contact your advisor for a change-of-beneficiary form. Decide what percentage (1 to 100) you would like UTSA to receive and name the university, along with the percentage you choose, on the beneficiary form that you return to your plan administrator, insurance company, bank or financial institution.

To name UTSA as a beneficiary please use the following language:

“UT System Board of Regents for the benefit of UTSA.

The University of Texas System’s federal tax ID number is 30-0710145.

Give Now

If you are age 70 ½ or up and would like to make an IRA gift using a qualified charitable distribution (QCD), instruct your IRA administrator to make a check payable to The University of Texas at San Antonio and mail to us at UTSA Gift Services, One UTSA Circle, San Antonio, TX 78249.

A New QCD Option to Consider

Starting in 2023, IRA owners age 70½ or older can make a one-time tax-free IRA distribution of up to $53,000 (as of 2024) to create a new charitable gift annuity (CGA) or a charitable remainder trust (CRT). The distribution counts toward your required minimum distribution (RMD) if one is due. This is an option worth considering if you want to make a gift from your IRA and establish a new income stream.

Note that spouses may contribute up to $53,000 each (as of 2024) from their IRAs into a single CRT or a joint-life CGA. Payments may only go to you and/or your spouse.

Please contact us to learn more about planning and completing a qualified charitable distribution.

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© Planned Giving Marketing. This document is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.

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