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Easy IRA Charitable Rollover

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There is good economic news for seniors interested in making a charitable gift to Visiting Nurse Association & Hospice of the Southwest Region (VNAHSR) thanks to a recent tax code amendment that included a permanent extension of the IRA charitable rollover.
Donors age 70½ or older can now make tax-free charitable gifts of up to $100,000 per year directly from their Individual Retirement Accounts to eligible charities.
HOW IT WORKS:
Taxpayers age 70½ and older are required to take annual distributions from their IRAs, which then are included in their adjusted gross income and subject to tax. The IRA charitable rollover permits taxpayers to make donations directly to charitable organizations from their IRAs without counting them as part of their AGI. This rollover distribution counts toward the required minimum distribution for IRA holders.
To make a gift to using the IRA charitable rollover:
• Contact your IRA administrator and authorize them to send a check from your IRA directly to VNAHSR.
• Ask your IRA trustee or administrator to clearly reveal this is an IRA rollover provision gift for 2015 and identify you as the IRA account owner.
• Send your IRA Charitable Rollover gift to:
VNAHSR
PO Box 787
Rutland, VT 05702
For more information, contact the Philanthropy Office at (802) 362-1255 or christineh@ravnah.org.