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IRA Charitable Rollover

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The IRA charitable rollover is now permanent and is a terrific way to make a tax-free gift to Westminster Ingleside Foundation using your qualified retirement plan. This gift may also satisfy your required minimum distribution (RMD).

How Do I Qualify?

  • You must be 70 ½ years old or older at the time of the gift.
  • Gifts must go directly from your IRA to Westminster Ingleside Foundation.
  • Gifts must come from a traditional IRA or Roth IRA account.
  • Gifts cannot exceed $100,000 per donor.

Benefits of an IRA Charitable Rollover Gift

  • Gifts can satisfy your RMD without increasing your income taxes.
  • You will not pay taxes on your IRA withdrawal when gifted to Westminster Ingleside Foundation.
  • You may direct your gift to a program or area of your choice. 
  • It is a wonderful way to create an immediate impact on Westminster Ingleside Foundation.

Download the IRA Charitable Rollover FAQ pdf for more information. Click on the blue DOWNLOAD THE IRA CHARITABLE ROLLOVER LETTER TEMPLATE link to download a Word document to send your gift request to your IRA administrator.

 


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