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IRA Charitable Rollover

An IRA is a great way to make a charitable donation to Hand in Hand, aka a Qualified Charitable Distribution. It allows you to make gifts of up to $100,000 per year (per individual) from your IRA. You incur no federal income taxes and the sums count toward your required minimum distribution so long as you meet the eligibility requirements and follow certain rules:

  • You must be 70½ years old or older.
  • Your IRA administrator or trustee must distribute the funds directly to Hand in Hand—not to you first. Or you can write a check that draws directly from your IRA.
  • The gift cannot benefit a donor-advised fund (DAF) or be used to purchase event tickets, such as for galas.

Contact the financial institution where your IRA is located to request the charitable rollover distribution.


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