A Positive Path for Spiritual Living

What is an IRA Charitable Rollover?

At the end of 2015, federal legislation was passed making the IRA direct charitable rollover gift option permanent. The law allows “senior” charitably minded individuals a golden opportunity to make gifts directly from their IRAs and exclude the amount of their gift from gross income. Persons over the age of 70 ½ may make a gift to Unity Chapel of Light directly from their IRA, which counts toward their required minimum distribution, without including the distribution as personal income.

• You must be 70 ½ or older when the transfer is made.
• The transfer must go directly from your IRA administrator to Unity Chapel of Light.
• Rollover gifts are limited to $100,000 per taxpayer per year. If married, and each spouse has an IRA, then each may gift up to $100,000.
• The gift counts toward your IRA required minimum distribution.
• The distribution is not reported as income, so there is no adverse income tax effect.
• Gifts must be outright: not to donor advised funds, charitable remainder trusts, or for charitable gift annuities.


This short video from Forbes explains Charitable Rollovers from IRA's.



 The form below has all the information you need to begin your IRA Charitable Rollover.

Unity Chapel of Light IRA Rollover Form