A periodic e-newsletter from The University of Iowa Foundation about trends and issues affecting charitable gift planning
Welcome to the 13th issue of Gift Planning at Iowa, with a focus on using retirement plan assets to make a charitable gift.
Planning Matters: A new way to make your next round of taxes a little easier—and help the UI!
Making charitable gifts has always been a great way to reduce your income tax burden. Now—thanks to a new, temporary federal law called the Pension Protection Act of 2006—if you're at least 70-1/2 years old, you may have a new tool for reducing your 2007 income taxes by using IRA assets. Susan Hagan, UI Foundation executive director for gift planning, tells you about this exciting, time-sensitive opportunity.
Fulfilling a personal pledge of support
UI faculty emeriti Sara and Sherwood Wolfson are committed to supporting the UI on an ongoing basis. By taking advantage of the Pension Protection Act, they expanded their giving—providing even more support to their favorite UI programs.
A word about IRA gift wording
If you have designated the UI Foundation as a beneficiary of retirement assets, or are considering doing so, please refer to these instructions for proper designation language and procedures.
Articles about using retirement assets for gifts
The Iowa Memorial Union has a new lease on life!
The UI held a dedication ceremony at the IMU, the heart of UI campus life for generations, on January 19, 2007, after an extensive renovation.
The ceremony included the dedication of the new Philip G. Hubbard Pavilion and Commons on the east side of the IMU.
In addition, the union sports a new river terrace, an original piece by UI alumna and renowned sculptor Elizabeth Catlett (1940 M.F.A.), and many enhanced services for the UI community.