IRA Charitable Rollover or Qualified Charitable Distribution is a fantastic way to allow taxpayers 70 1/2 and older to make a tax-free contribution directly from your IRA to charities. Such gifts can be made without increasing your taxable income or withholding. Additionally, funds transferred will count toward your annual required minimum distribution (RMD).
Your gift will be used today, allowing you to see the difference your donation makes for girls.
Certain limitations apply to these non-taxable charitable distributions from an IRA:
- You must be at least 70 1/2 years of age when the gift is transferred.
- Total gifts cannot exceed $100,000 per year per IRA owner or beneficiary. (Legally married couples with separate IRAs could give up to $200,000 annually).
- Gifts must be made directly from your IRA to a charity and cannot be made to a private foundation, a supporting organization, or a donor-advised fund.
- The gifts must be outright. For instance, they cannot be used to establish a charitable gift annuity or fund a charitable remainder trust.
Checks directly from your IRA may be mailed to our Cincinnati Service Center:
Girl Scouts of Western Ohio
ATTN: Fund Development
4930 Cornell Road
Cincinnati, Ohio 45242