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IRA Charitable Rollover

The purpose of this Charitable IRA Rollover section is to provide general gift, estate, and financial planning information. It is not intended as legal, accounting, or other professional advice. For assistance in planning charitable gifts with tax and other financial implications, the services of appropriate advisors should be obtained.


The IRA Charitable Rollover... An Easy Way to Support Judea Reform!

Did you know that anyone age 70½ or older can direct their IRA administrator to distribute a gift from an IRA to support Judea Reform Congregation? Any amount transferred counts against the required minimum distribution, and individuals can direct up to $100,000/year.

Easy Steps to Make an IRA Rollover Gift:

  • Contact your IRA administrator. Most IRA administrators provide forms and a procedure to help you make a rollover gift.
  • You can direct a transfer of up to $100,000 to be made this year from your IRA to Judea Reform Congregation.
  • You will pay no federal income taxes on the amount transferred.
  • Note: Because the transferred amount cannot be treated as income to you, you will not receive an income tax deduction for your gift.

Questions? Contact Emily Young, Executive Director, at 919-489-7062, ext. 224.

Frequently Asked Questions

What does it mean to make an IRA Charitable Rollover gift?

An IRA Charitable Rollover allows individuals age 70½ and older to make direct transfers totaling up to $100,000 per year to organizations that are eligible to receive tax-deductible contributions, without having to count the transfers as income for federal income tax purposes.


How much can I transfer?

Up to $100,000/year.


From what accounts can I make transfers?

Transfers must come from your IRAs directly to Judea Reform Congregation. If you have retirement assets in a 401(k), 403(b) etc., you must first roll those funds into an IRA, and then you can direct the IRA provider to transfer the funds from the IRA directly to Judea Reform.


To what organizations can I make gifts?

Organizations, including Judea Reform Congregation, that are eligible to receive tax-deductible contributions.


If I made a Charitable IRA Rollover gift in other tax years, can I do this again for the 2019 tax year?

Yes. Even if you and your spouse each made the maximum $100,000 charitable IRA rollover gift to a qualifying charity during one or more previous years, you can still take advantage of this legislation again for the 2019 tax year.


Can I use the rollover to fund life-income gifts (charitable gift annuities, charitable remainder trusts, or pooled income funds), donor-advised funds, or supporting organizations?

No, these are not eligible.


May I use the rollover to support a particular purpose of Judea Reform Congregation?

As with all other gifts, you may direct your IRA Charitable Rollover gift as you see fit. However, you may not direct your gift for a purpose from which you receive a personal
benefit, goods, or services in return, such as a gala ticket or to
purchase items at a silent auction.

What are the tax implications to me?

  • Federal — You do not recognize the transfer to Judea Reform Congregation as income, provided it goes directly from the IRA provider to us. However, you are not entitled to an income tax charitable deduction for your gift.
  • State — Each state has different laws, so you will need to consult with your own advisors. 

Does this transfer count towards my required minimum

Once you reach age 70½, you are required to take
minimum distributions from your retirement plans each year according to a federal formula.
IRA Charitable Rollovers count towards your required minimum distribution for the year.


How do I know if an IRA Charitable Rollover is right for me?

  • You do not need the additional income necessitated by the required minimum distribution, OR
  • Your charitable gifts already equal 50% of your adjusted gross income, so you do not benefit from an income tax charitable deduction for additional gifts, OR
  • You do not itemize deductions, OR
  • You are subject to income tax deduction and exemption phase-outs.

What is the procedure to execute an IRA Charitable Rollover?

To complete an IRA Charitable Rollover, the first step is to contact your IRA provider to learn its procedures for initiating a rollover. Make sure that you contact us when you direct the rollover so we can look for the contribution from your IRA provider.


All information has been obtained from sources believed by Judea Reform to be reliable. As with all gifts, please consult your tax advisor for specific tax advice.
Mon, May 20 2024 12 Iyar 5784