At the University of Virginia, the generosity of our alumni and friends provides a solid foundation for maintaining our place as an eminent center of higher learning. And while there are many established ways in which to support the University a recently passed federal law, the Pension Protection Act of 2006, provides an additional opportunity for philanthropically-minded persons to achieve their charitable goals. This opportunity is available only through December 31, 2007.

Some details regarding the Pension Protection Act of 2006:

• Individuals must be at least 70 1/2 years of age;
  
• The maximum amount transferable from a Traditional or Roth IRA in a calendar year is $100,000 per person;
  
• The gift must be an outright gift that would normally be considered fully deductible;
  
• The funds must be distributed to a qualified charity (supporting
  organizations and family foundations do not qualify).

If you are interested in taking advantage of this opportunity to achieve your philanthropic goals, please contact your financial advisor or the Office of Gift Planning at (434) 982-2798 or (800) 688-9882 or giftplanning@virginia.edu.