The IRA Rollover option expires on December 31, 2014
This will be the last time you can make a tax-free distribution from your retirement account to the UMM Foundation.
If you are 70½ or older, inform your IRA administrators that you wish to make a "qualified charitable distribution" to the UMM Foundation. You will need to fill out a simple form that requests the federal tax ID number of the foundation (581487273).
The administrator will send the check directly to the UMM Foundation
You do not pay income tax on this distribution.
Charitable distributions cannot be made from a Roth IRA, 401(k), 403(b), SEP IRA, or SIMPLE IRA accounts—they don't qualify for this program.
You may use the rollover to establish an endowment honoring or memorializing a loved one or to simply fund ministries of UM Men.