Skip to main content

Newsroom

News & Events

Charitable IRA Rollover- A Win-Win!

Charitable IRA Rollover- A Win-Win!

A charitable IRA rollover is a gift option that enables donors age 70½ or older to transfer up to $100,000 directly from the donor’s IRA (or IRAs) to a qualified charity each year. The donor does not recognize the transfer as taxable income on his or her tax return. By the same token, this transfer may not be claimed as a charitable income tax deduction.
BENEFITS
When you make a gift through a charitable IRA rollover, you can:
• Count the amount of your rollover toward your required minimum distribution (RMD) for
the year.
• Avoid additional taxable income, which may allow you to avoid taxation at a higher tax
bracket.
• Satisfy multi-year pledges to the Annual Fund or your reunion gift to The Boston Home
• Create or add to a permanent endowment in your name or in memory of a loved one.
For information contact:  Maribeth McKenzie-MacDonald, Director of Philanthropy and Communications, mmacdonald@thebostonhome.org 617-326-4318

  • Massachusetts League of Community Health
    Massachusetts League of Community Health
  • Fratellis Pastry Shop
    Fratellis Pastry Shop
  • Marsh & McLennan Agency
    Marsh & McLennan Agency
  • Affirmative Investments
    Affirmative Investments
  • Dermot Sparhawk Crime Novels by author Tom MacDonald
    Dermot Sparhawk Crime Novels by author Tom MacDonald
Close