IRA Charitable Rollover Made Permanent

Both the House and Senate have approved legislation that makes the IRA charitable rollover retroactive from January 1, 2015, and permanent going forward. President Obama has signed the bill into law. If you are age 70 ½ or older, you may transfer up to $100,000 this year directly from your individual retirement accounts to qualified public charities, such as the [Federation/Foundation], and double your impact by transferring up to $100,000 again beginning in January 2016.

Otherwise taxable amounts rolled over are free from federal income tax and count toward your annual required minimum distribution. You may not make direct distributions to donor advised funds, supporting organizations or split-interest trusts or in exchange for gift annuities.

Do not delay! Rollovers for 2015 must be completed by December 31. If you are eligible, it is a wonderful opportunity for you to use your IRA to accomplish your philanthropic goals.

We encourage you to use these funds to:

  • Make a gift to the Annual Campaign or create an endowment to perpetuate your Annual Campaign gifts.
  • Make a lifetime gift to community organizations through Create a Jewish Legacy.
  • Establish an endowment fund to support your favorite program or institution.

The views expressed in this message are not intended, nor may they be relied upon, as legal, accounting or other professional advice. Before making a gift decision, you should consult your own professional advisor.

For more information on the IRA Charitable Rollover or Create a Jewish Legacy, please Lynn Kaplan as soon as possible at (608)278-1808 or


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