Giving from the USA: Individual Retirement Account

IRAs can be made much more tax efficient by naming the BSUF as a beneficiary with an expression of preference for the University of Leicester. This relieves the Estate of (a) the Distribution and Income Taxes which are levied by most State governments; and (b) of part of the regular Estate tax.

Those over age 70½ may find it advantageous to have contributions made from their IRA directly to a charity without paying taxes on the amount withdrawn. The rules are complex, and individuals should consult their own professional advisers for guidance.

To contact BSUF regarding an IRA, please email treasurer@bsuf.org.