Charitable IRA rollover made permanent

Jan 05, 2016
Congress has made permanent the charitable IRA rollover, allowing Americans age 70 ½ and older to make contributions from their Individual Retirement Accounts to qualified nonprofits.

Congress has voted to make permanent the charitable IRA rollover, allowing Americans age 70 ½ and older to make contributions from their Individual Retirement Accounts to qualified nonprofits like the Deschutes Land Trust. The new law applies retroactively to charitable IRA distributions made earlier in 2015 and to those made through December 31 of this year. That means there’s still time to make an IRA charitable rollover contribution for the 2015 tax year!

The bill allows exclusions of up to $100,000 a year from income if IRA funds are contributed directly to a nonprofit. The IRA rollover provision is an important tool for many retirees, but, like all significant financial decisions, should be made in consultation with a qualified financial advisor. For information on whether making a contribution from your IRA is right for you, please consult your financial advisor.


The Deschutes Land Trust is a qualified 501(c)3 nonprofit organization. For further questions or information on how your contribution can aid the Land Trust, contact Brad Chalfant or call the office at (541) 330-0017.