If you are 70 ½ years of age or older, you are now eligible to make tax-free distributions directly from your IRA to National Brain Tumor Society. The following are the basic criteria for this type of gift:
- You must have reached your 70 ½ birthday before making the gift.
- The gift must come directly from your IRA account to National Brain Tumor Society – your IRA plan administrator will provide forms to request IRA charitable gifts, also referred to as the IRA charitable rollover.
- You can give up to a maximum of $100,000 in IRA charitable rollover gifts in any calendar year.
- These gifts cannot involve any “donor benefits,” like tickets to a fundraising gala or anything where you might receive some benefit of monetary value.
- These gifts should be directed only towards qualified U.S. public charities like National Brain Tumor Society, and may not be directed to donor advised funds.
- These gifts count towards your Required Minimum Distributions (RMDs).
National Brain Tumor Society can provide you or your IRA administrator with a letter to facilitate an IRA charitable rollover gift.
IRA Giving Fact Sheet
We can provide you with a letter to send to your IRA administrator to make an IRA charitable rollover gift. For more information, please contact Kaitlyn Butler, Associate Director, Strategic Initiatives, at KButler@braintumor.org or 857-219-0214.