IRA Charitable Rollover
An IRA charitable rollover allows individuals 70½ and older to reduce their taxable income by making a gift directly from their IRA.
IRA Charitable Rollover Overview
Benefits of an IRA charitable rollover
- Avoid taxes on transfers of up to $111,000 from your IRA to an existing fund at the Vermont Community Foundation
- Satisfy your required minimum distribution (RMD) for the year
- Reduce your taxable income, even if you do not itemize deductions
- Make a gift that is not subject to the deduction limits on charitable gifts
- Help further the work and mission of our organization
How an IRA charitable rollover gift works
- Contact your IRA plan administrator to make a gift from your IRA to us.
- Your IRA funds will be directly transferred to an existing fund at our organization.
- Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
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