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Planned Giving: IRA Charitable Rollover

IRA Holders can make Charitable Distributions in 2014

If you've been thinking about supporting WGBH, there's never been a better time. If you are 70 1/2 or older, you may transfer up to $100,000 from your IRA directly to WGBH and enjoy tax savings through a "Charitable IRA Rollover."

Here's how it works: Rather than taking all or a portion of your required minimum distribution from your IRA, which would be treated as taxable income, the law allows you to donate it to a qualified charity and does not treat it as taxable income.

  • For the 2014 tax year, between January 1 and December 31, 2014, you can make a direct distribution from your IRA to WGBH.

Transfers to donor-advised funds, private foundations, charitable remainder trusts, and charitable gift annuities do not qualify. There is no income tax deduction for the transfer.

CONTACT US

We hope you'll consider how this Charitable IRA Rollover extension may benefit you and WGBH.  There are rules and limitations, so please gives us a call at 800-220-7122 or use our Contact Us form.



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