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Eskaton Blog

Congress Permanently Passes Legislation to Extend the IRA Charitable Rollover Now and Into the Future

Posted by Eskaton on Jan 29, 2016 3:27:44 AM


For those aged 70½ or older, it is possible to make tax-favored charitable gifts from traditional and Roth IRAs.

A total of up to $100,000 can be transferred directly from traditional or Roth IRAs to one or more qualified charities free from federal income tax each year. There may also be state income tax savings. Amounts given this way count toward required IRA minimum distributions for the years of the gift.

To make such gifts, it’s important to not withdrawal funds prior to a gift, but have the gift amount distributed directly from an IRA to your charity. For those with check writing privileges on their accounts, this may be the most efficient way to make a gift directly from an IRA. Please check with us, your IRA administrator or your tax advisor for more information.

To learn more about Eskaton Foundation, please contact Kim Rhinehelder at 916/334-0810 or visit us on line at www.eskaton.org/donations.

Topics: Philanthropy

The Sacramento region is home to Eskaton, a nonprofit senior care provider offering innovative housing, healthcare and social services. Every day thousands of older adults enjoy retirement at our independent senior living communities and receive the care they need through assisted living, skilled nursing, memory care, rehabilitation and in-home care programs. With five decades of experience and a national reputation for innovation, Eskaton is Transforming the Aging Experience.