Easy IRA Gifts

Easy IRA Gifts

A qualified charitable distribution can make it easy for donors to minimize the tax bite of the required minimum distribution if one is due.

This tax-free IRA-to-charity transfer is an important opportunity for donors who:

  • Plan to make charitable donations
  • Don't need the money from a distribution
  • Want to support our mission

Qualified Charitable Distribution Requirements

The tax benefits associated with qualified charitable distributions from IRAs directly to charity are subject to precise and specific requirements:

  • a minimum age—the donor must be at least 70½
  • a maximum amount—no more than $105,000 per year (annual aggregate limit for 2024)
  • a qualified public charity—no gifts to private foundations, or to set up donor-advised funds or split-interest charitable trusts
  • a direct transfer—money must be moved directly from the IRA account to the charity

Satisfy Required Minimum Distributions

Qualified charitable distributions count toward a donor’s required minimum distribution (RMD) if one is due. Contributions to your IRA after age 70½ can impact the amount eligible for a tax-free transfer.

Consider a New Option

IRA owners who are 70½ or older can make a one-time, tax-free IRA distribution to create a new charitable gift annuity or charitable remainder trust ($53,000 maximum in 2024). This distribution counts toward a donor's RMD if one is due. Spouses may contribute up to $53,000 each from their individual IRAs into a single charitable remainder trust or a joint-life charitable gift annuity. Payments may only go to you and/or your spouse.

Click here to calculate your required minimum distribution.


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