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A Way to Make a Tax-Free IRA Gift Today

The IRA Charitable Rollover has been made permanent legislation!.

Good news: The IRA Charitable Rollover, which enables individuals age 70 ½ and older to make income tax-free outright gifts up to $100,000 from their IRAs to charities, has been made permanent legislation.

Important points to consider:

  • You must be at least age 70 1/2 when the gift is transferred.
  • The gift must come directly to Audubon Arkansas from your IRA account administrator, in the form of a check.
  • Transfers must be made directly from a Traditional IRA account (special exclusions may apply to other types of IRA accounts).
  • Funds that are withdrawn by you and then contributed do NOT qualify.
  • If you have retirement assets in a 401(k) or 403 (b), you must first roll those assets into an IRA, and then make the transfer from the IRA directly to Audubon.  You cannot do a Qualified Charitable Distribution from a SEP-IRA or SIMPLE IRA>
  • Gifts must be outright.  Distributions to donor-advised funds or life-income arrangements such as charitable remainder trusts and charitable gift annuities are not allowed.
  • Total gifts cannot exceed $100,000 per year, per IRA owner or beneficiary (married taxpayers with separate IRAs can give up to $200,000 total per year, but no more than $100,000 may be distributed from each spouse’s IRA).
  • Although there is no tax deduction, there I NO income tax on the withdrawal.

What are the advantages?

  • Benefits Audubon Arkansas’s work in a meaningful way today.
  • Meets your Required Minimum Distribution (RMD).
  • Pay no income tax on the amount withdrawn for your gift.
  • Give above your deductible limit of 50% of adjusted gross income.

How do I give?  Please have your IRA plan administrator send a check to:

   ATTN: Stephanie Purifoy 

   Audubon Arkansas

  4500 Springer Boulevard

   Little Rock, AR  72206

If you have additional questions or want to discuss other ways to support Audubon's conservation work, please contact:

Stephanie Purifoy, Development Manager, Audubon Arkansas: (501) 244-2229 or spurifoy@audubon.org.

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