Planned Giving - IRA FAQs

No. IRS regulations require you to reach age 70½ by the date you make the gift.

Yes, absolutely. If you have not yet taken your required minimum distribution, the IRA charitable rollover gift can satisfy all or part of that requirement. Contact your IRA custodian to complete the gift.

No. You can give any amount under this provision, as long as it is $108,000 or less this year. If your IRA is valued at more than $108,000, you can transfer a portion of it to fund a charitable gift.

No. Under the law, you can give a maximum of $108,000. For example, you can give each organization $54,000 this year or any other combination that totals $108,000 or less. Any amount of more than $108,000 in one year must be reported as taxable income.

If you have a spouse (as defined by the IRS) who is 70½ or older and has an IRA, he or she can also give up to $108,000 from his or her IRA.