If you are at least 70½ years old, you can use your individual retirement account (IRA) 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 federal taxable income.
To initiate a transfer, contact your IRA administrator. To ensure proper crediting at HBS, you will also need to notify Harvard University. Downloadable sample letters are provided below for your convenience. For more information, please contact Harvard University Planned Giving at email@example.com or 800.446.1277.
Sample Request from Donor to IRA Administrator
This letter contains transfer instructions from you to your IRA administrator.
Sample Letter from Donor Informing Harvard of IRA Distribution
This letter informs Harvard University that you wish to direct your gift to HBS and ensures appropriate class credit for alumni.