3 Steps to an IRA Charitable Rollover Gift

Posted on 10/17/2017

 Are you or someone you know age 70 1/2 or older? You can make a tax-free gift of up to $100,000 to support a charitable cause.

The benefits of making an IRA rollover gift are:

  • By using pre-tax IRA assets, your charitable gift costs you less.
  • It is not included in your taxable income.
  • It can be used to meet your required minimum distribution for the year, lowering your taxable income for the year.

Talk to your professional IRA plan advisor in October or November to make a gift before the year ends.

For more information, you can visit the Oklahoma City Community Foundation at www.occf.org/IRA.