Mercyhurst University

IRA Rollover

The IRA Rollover legislation for 2013 which allowed for the tax-free transfer of IRA funds directly to charities for those 70 ½ or older has expired. So far, no legislation has been enacted for 2014, however you may still make a gift of IRA assets and get a charitable deduction for your gift. You can also designate Mercyhurst University as a beneficiary of your retirement assets which could provide tax benefits for your estate and other non-charitable beneficiaries. More details are provided on our Gifts of Retirement Assets page.

Before you take any of your 2014 required minimum distribution, check back here to see if new legislation has been enacted. If you would like an email or telephone call notifying you if legislation is passed or if you have questions, please contact Ryan J. Palm '07, assistant vice president for advancement, at (814) 824-3320 or