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<h1>IRA Charitable Rollovers</h1> |
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<h1>IRA Charitable Rollovers</h1> |
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If you are a US taxpayer age 70.5 or older, you may be eligible for the IRA Charitable Rollover, also known as a <a href="https://www.irs.gov/newsroom/qualified-charitable-distributions-allow-eligible-ira-owners-up-to-100000-in-tax-free-gifts-to-charity" target="_blank" class="muted link violet">Qualified charitable distribution (QCD)</a>.<br> |
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If you are a US taxpayer age 70½ or older, you may be eligible for the IRA Charitable Rollover, also known as a <a href="https://www.irs.gov/newsroom/qualified-charitable-distributions-allow-eligible-ira-owners-up-to-100000-in-tax-free-gifts-to-charity" target="_blank" class="muted link violet">Qualified Charitable Distribution (QCD)</a>.<br> |
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These tax-advantaged distributions allow you to make a gift to the Wikimedia Endowment from your IRA without paying income tax on the amount transferred. |
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These tax-advantaged distributions allow you to make a gift to the Wikimedia Endowment from your IRA without paying income tax on the amount transferred. |
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<h2>A tax-savvy way to give</h2> |
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<h2>A tax-savvy way to give</h2> |
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<p>Charitable Rollovers from your IRA make economic sense to you for tax reasons, and are meaningful to our work because they help secure our future. IRA gifts are directed to our Endowment, which means they’re added to the base of funds that safeguards Wikipedia from future challenges. </p> |
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<p>You can help us secure Wikipedia's future and benefit from tax deductions by making a charitable gift directly from your IRA. IRA gifts are directed to our Endowment, which means they’re added to the base of funds that safeguards Wikipedia from future challenges.</p> |
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<li>You must be at least 70.5 or older at the time of the gift.</li> |
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<li>You must be at least 70.5 or older at the time of the gift.</li> |
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<li>You’re allowed to transfer to charity up to $105,000 per year.</li> |
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<li>You’re allowed to transfer to charity up to $105,000 per year.</li> |
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<li>The rollover must come from your IRA. Rollovers from 401(k), 403(b) and other retirement plans do not qualify.</li> |
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<li>The rollover must come from your IRA.</li> |
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<li>The rollover must be made directly from your IRA to the Wikimedia Endowment. Funds that are transferred to you and then gifted to Wikimedia don’t qualify.</li> |
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<li>The rollover must be made directly from your IRA to the Wikimedia Endowment. Funds that are transferred to you and then gifted to Wikimedia don’t qualify.</li> |
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