The IRA Charitable Rollover allows individuals age 70½ and older to make direct transfers totaling up to $100,000 per year ($200,000 for federally recognized married couples if each spouse has his or her own plan) to 501(c)(3) charities, without having to count the transfers as income for federal income tax purposes. A donor can name a fund and choose its purpose with a gift of $50,000.
Transfers must be made directly from a traditional or Roth IRA account by your plan provider to the charity and can be used to satisfy your Minimum Required Distribution. Funds that are withdrawn by you and then contributed do not qualify.
For more details contact Kathryn Moriarty Baldwin: email@example.com or (510) 643-6641.