Giving Through Your IRA
On December 16, 2014 the Senate passed legislation which included reauthorization of the IRA Charitable Rollover for 2014. This tax provision allowed owners of individual retirement accounts who are 70½ or older to make gifts directly to charity from their plans. It was a limited opportunity allowing for donations of up to $100,000 of IRA assets to be sent directly to Ligonier Ministries or other non-profits without reporting the withdrawal as taxable income.
This opportunity to make a charitable donation from one’s IRA expired December 31, 2014.
While Congress could reauthorize this tax-wise provision in 2015, that has not yet occurred. Check back here or with your professional advisor to learn if this provision has been reestablished. If you have questions about this or would like to donate to Ligonier Ministries using other appreciated assets, please contact our Gift Planning Officer at 1-800-220-7636 ext. 1182 or email firstname.lastname@example.org.