The IRA charitable rollover is a terrific way to make a tax-free gift to Partners In Health.
You can make a tax-free gift from your traditional IRA (other qualified retirement plans such as 401(k)s and 403(b)s are not eligible). You must be at least 70 ½ years old to take advantage of this opportunity. You must transfer your gift directly from your IRA administrator to Partners In Health. The total of all of your rollover gifts in any one year cannot exceed $100,000 per person. A spouse with a separate IRA could also make a rollover gift of up to $100,000 if they otherwise qualify.
The benefits of an IRA charitable rollover gift include:
- Satisfies the required minimum distribution but is not included in taxable income.
- Avoids income tax on IRA withdrawals.
- Supports the important work of PIH with a tax-free gift.
We can provide sample letters of instruction to send to your IRA administrator in order to make an IRA charitable rollover.
If you are interested in making such a gift or would like more information, please contact:
Legacy Gift Planning Team
857-880-5717 | giftplanning@pih.org