You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit this year. Learn more at:

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The IRA Charitable Rollover Plan offers individuals aged 70½ and older an opportunity to make tax-free donations directly from their Individual Retirement Accounts (IRAs) to qualified charitable organizations. This plan was first introduced in 2006 as part of the Pension Protection Act and has since been extended and made permanent, providing a valuable tool for philanthropic giving.

Under the IRA Charitable Rollover Plan, individuals can transfer up to $100,000 annually from their IRAs directly to qualified charities without it being treated as taxable income. This can be a significant benefit for retirees who are required to take minimum distributions from their IRAs and may not need the additional income. By making a direct charitable donation, retirees can fulfill their required minimum distribution while also supporting causes they care about.

To be eligible for the IRA Charitable Rollover Plan, the donor must be at least 70½ years old and the donation must be made directly from the IRA to the qualified charitable organization. The donation cannot be made to donor-advised funds, supporting organizations, or private foundations. Additionally, the donation cannot be used to fund a charitable gift annuity or charitable remainder trust.

There are many benefits to utilizing the IRA Charitable Rollover Plan for philanthropic giving. Not only does it provide a tax-efficient way to support charitable causes, but it also allows donors to make a meaningful impact on the organizations and communities they care about. Furthermore, the plan can help reduce the donor’s taxable income, potentially lowering their overall tax liability.

As the IRA Charitable Rollover Plan is nationwide and available to all qualifying individuals, it presents a unique opportunity for retirees to maximize the impact of their charitable giving while enjoying potential tax benefits. Organizations that qualify for charitable rollover donations include public charities, religious organizations, educational institutions, and other eligible 501(c)(3) organizations.

It’s important for individuals interested in utilizing the IRA Charitable Rollover Plan to consult with their financial advisors and tax professionals to ensure they meet all the necessary requirements and maximize the potential benefits of their donations. By taking advantage of this plan, retirees can support the causes they are passionate about while also optimizing their overall financial and tax planning strategies.

In conclusion, the IRA Charitable Rollover Plan is a valuable tool for individuals aged 70½ and older to make tax-free donations from their IRAs to qualified charitable organizations. By leveraging this plan, retirees can fulfill their required minimum distributions while also supporting causes they care about and potentially reducing their taxable income. This nationwide opportunity is a win-win for both donors and charitable organizations, providing a tax-efficient way to make a meaningful impact in their communities.