Donate to OLLI

You can help OLLI with this tax-free gift

Congress has permanently extended the opportunity for American’s age 70½ or older to make direct transfers up to $100,000 from Individual Retirement Accounts (IRAs) to charitable organizations like the University of Texas Medical Branch at Galveston. These gifts have truly transformed UTMB while allowing alumni and friends to support UTMB and avoid paying income tax on their IRA distributions. You can designate your IRA gift to the areas and programs you care most about at UTMB—like OLLI!

Why Consider This Gift?

Your gift will be put to use today, allowing you to see the difference your donation is making.

• You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
• If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.
• By making a gift this year of up to $100,000 from your IRA, you can see your philanthropic dollars at work. You are jump-starting the legacy you would like to leave and giving yourself the joy of watching your philanthropy take shape. Moreover, you can fulfill any outstanding pledge you may have made by transferring that amount from your IRA as long as it is $100,000 or less for the year.

You might consider designating your gift to one of OLLI’s local endowments:

• Billy and Stanley Buinski endowment
• Dr. Richard and Martha Peake endowment
• Jerry and Alison Barker endowment
• Dr. Michelle Sierpina endowment for OLLI leadership.

To establish a new endowment, just let OLLI staff know and we can connect you to UTMB Development professionals who can guide you through the process.