Marshall University Foundation
Marshall University Foundation, Inc.
One John Marshall Dr.
Huntington, WV 25755
304-696-6264
1-866-308-1346
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Donor Stories
Richard Jackson donates $100,000 to Marshall from his IRA
Already a generous donor to Marshall University, 1959 MU graduate Richard D. Jackson made a new type of gift to
Marshall. Made possible by the Pension Protection Act of 2006, his tax-free gift of $100,000 was made directly to
Marshall from his IRA.
Jackson planned for Marshall to be the beneficiary of his IRA at his death. But federal legislation allows the transfer of a portion of these funds during the donor’s lifetime. Through December 2007, Congress is allowing individuals (age 70 ½ and above) to make tax-free direct transfers from their IRAs to qualified charities, such as The Marshall University Foundation, Inc. Eligible donors can now donate up to $100,000 directly from their IRAs. The gift provides the equivalent of a 100% income tax charitable deduction.
Jackson, a member of the university’s Heritage Society in recognition of his planned gift, serves on the Yeager Scholars Board of Directors, was inducted into the MU Business Hall of Fame and received a Doctor of Humane Letters honorary degree and the MU Alumni Association’s Community Achievement Award. Jackson is Chairman of the Board of ebank Financial Services Inc. in Atlanta and is former CEO of Georgia Federal and First Georgia Bank. He is author of four books – the most recent, On the Edge, is a travelogue about our nation’s backcountry.
For more information on giving to Marshall University, contact Dr. Lynne S. Mayer, Associate Vice President for Development at (304) 696-6214.