A tax-savvy way to give
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.
To qualify:
- You must be at least age 70½ or older at the time of the gift.
- You're allowed to transfer to charity up to $105,000 per year.
- The rollover must come from your IRA.
- 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.
Benefits:
- You avoid paying income tax on the amount distributed to Wikimedia.
- The rollover satisfies your required minimum distribution (RMD) which begins at age 70½.
- The rollover is made by simply instructing your IRA plan administrator to transfer funds directly from your IRA account to the Wikimedia Endowment (Tax ID 87-3024488).
- Rollovers are excellent ways to make annual gifts or satisfy multi-year pledges.