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Charitable IRA Rollover is back!

This just in: The charitable IRA Rollover is back. On December 19th President Obama signed the tax extenders into law.  
The provision allows individuals age 70½ or older to make tax-free gifts totaling up to $100,000 from a traditional IRA account directly to qualified charities, provided they are completed by December 31st.
You and your spouse may each make gifts of up to $100,000 from your IRA accounts. While you cannot claim a charitable deduction for IRA gifts, this distribution from your IRA counts towards your minimum required distribution for the account and does not trigger income tax for you. It is a tax-free transfer from the IRA account directly to Crittenton Women’s Union.
To complete an IRA Charitable Rollover for 2014, please contact your IRA provider for exact instructions. 

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Katherine Parker
Vice President of Institutional Advancement
617.259.2932 or


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