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Make a Gift From My IRA

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IRA Charitable Rollover

The IRA Charitable Rollover is now a permanent provision of the federal tax code. It allows any donor who is age 70½ or older to donate up to $100,000 each year from his or her IRA. The gift counts towards your Required Minimum Distribution - yet it is not included in your income. A gift from your IRA provides an excellent opportunity to make a gift during your lifetime from an asset that is often subject to multiple layers of taxation if gifted to an individual who is not your spouse.

Transfers must be made directly from a traditional IRA account by your IRA plan administrator. Gifts from 401 (k), 403 (b), SEP or other plans do not qualify for this provision; however, funds can usually be rolled over from these other plans into an IRA. Contact your plan administrator to initiate.

IRA Charitable Rollover
IRA (Custodian)
Memorial
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Benefits of an IRA charitable rollover

  • Avoid taxes on gifts of up to $100,000 from your IRA to Memorial
  • May satisfy your required minimum distribution (RMD) for the year
  • Reduce your taxable income, even if you do not itemize deductions
  • Make a gift that is not subject to the deduction limits on charitable gifts
  • Help further the work and mission of our organization

How an IRA charitable rollover gift works

  1. Contact your IRA plan administrator to make a gift from your IRA to us.
  2. Your IRA funds will be directly transferred to us to help continue our mission.
  3. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
  4. Please contact us if you wish for your gift to be used for a specific purpose.

Gifts from your IRA

If you are 70½ or older, you can use your IRA to fulfill your charitable goals. You can use the "Make a Gift From My IRA" tool to contact your IRA custodian and make a qualified charitable distribution. We will acknowledge your generous gifts as a qualified charitable distribution, which may satisfy your RMD, if applicable.

Contact us

If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.

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