Charitable IRA Rollovers


Charitable IRA Rollovers



IRA Gift Rules

  • Donor must be age 70½ or older.
  • Gifts must be made from a traditional or Roth IRA only. Gifts from other retirement plans such as 401(k)s and 403(b)s are not eligible.
  • Funds must go directly from the IRA provider to the charity. The donor cannot take possession of the funds.
  • Total gifts may not exceed $100,000 per IRA holder per calendar year.
  • Gifts must be postmarked by December 31, 2017.
  • Gifts must go to a public charity (such as the Kansas 4-H Foundation). Gifts to donor advised funds or private foundations are not permitted.
  • The gift must be outright. Rollovers to charitable gift annuities or charitable remainder trusts don’t qualify.
  • The gift counts toward the donor’s IRA Required Minimum Distribution.
  • No charitable deductions are allowed, but the gift amounts will not be included in the donors’ incomes.

Who Wins With Charitable IRA Rollovers?

  • Donors who don’t itemize their deductions (i.e. those who take the standard deduction).
  • Donors whose Social Security benefits are subject to income taxation.
  • Donors who are subject to surtaxes on net investment income.
  • Donors who currently give up to 50% of their adjusted gross income—the limitation on the allowable charitable deduction for any year.
  • Donors with large, taxable estates.

For more information, contact:
Doug Beech
Kansas 4-H Foundation, 116 Umberger Hall, KSU
1612 Claflin Road, Manhattan, KS 66506-3417
PH: 620-805-4110 /

We recommend you seek the advice of your tax and/or legal counsel before deciding on a course of action.