If you are at least 70½ years of age, you can use your individual retirement account to make a gift to HBS (up to $100,000 per year).
Your gift, which must be transferred directly from your IRA to HBS, counts toward your required minimum distribution and can be excluded from your gross income for US federal tax purposes.
To initiate a transfer, contact your IRA administrator and notify Harvard of your gift using the sample letters below. For more information, contact University Planned Giving at firstname.lastname@example.org or 800.446.1277.
This letter contains transfer instructions from you to your IRA administrator.
This letter informs Harvard University that you wish to direct your gift to HBS and ensures appropriate class credit for alumni donors.