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IRA Charitable Tax Rollover

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If you are 70.5 years old or older, you can take advantage of this simple way to support CATA and receive tax benefits in return.

You can give up to $100,000 from your IRA directly to a qualified charity such as CATA without having to pay income taxes on the money. This law no longer has an expiration date so you are free to make annual gifts to our organization this year and well into the future. 



For more information, contact Marybeth Johnson (Marybeth@CATAarts.org) or Margaret Keller (Margaret@CATAarts.org).

CATA’s tax ID is EIN #04-3196265.

Why Consider This Gift?

  • CATA can put your gift to use today, allowing you to see the difference 
your donation is making.
  • You won’t pay income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
  • If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.
  • It’s simple to do. Just call your IRA administrator to make the transfer.

Frequently Asked Questions

I’ve already named CATA as the beneficiary of my IRA. What are the benefits if I make a gift now instead of after my lifetime?

By making a gift this year of up to $100,000 from your IRA, you can see your philanthropic dollars at work. You are jump-starting the legacy you would like to leave and giving yourself the joy of watching your philanthropy take shape. Moreover, you can fulfill any outstanding pledge you may have made by transferring that amount from your IRA as long as it is $100,000 or less for the year.

No. The legislation requires you to reach age 70½ by the date you make the gift.

Yes. Direct rollovers to a qualified charity can be made only from an IRA. Under certain circumstances, however, you may be able to roll assets from a pension, profit sharing, 401(k) or 403(b) plan into an IRA and then make the transfer from the IRA directly to CATA. To determine if a rollover to an IRA is available for your plan, speak with your plan administrator.

Yes, absolutely. If you have not yet taken your required minimum distribution, the IRA charitable rollover gift can satisfy all or part of that requirement. Contact your IRA custodian to complete the gift.

No. You can give any amount under this provision, as long as it is $100,000 or less this year. If your IRA is valued at more than $100,000, you can transfer a portion of it to fund a charitable gift.

No. Under the law, you can give a maximum of $100,000. For example, you can give each organization $50,000 this year or any other combination that totals $100,000 or less. Any amount of more than $100,000 in one year must be reported as taxable income.

If you have a spouse (as defined by the IRS) who is 70½ or older and has an IRA, he or she can also give up to $100,000 from his or her IRA.

It is advisable to discuss your plans with your professional advisor to determine the best plan for you. Please feel free to contact Marybeth Johnson at (413) 528-5485 or Marybeth@CATAarts.org with any questions.

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By submitting this form, you are consenting to receive marketing emails from: You can revoke your consent to receive emails at any time by using the Safe Unsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

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