IRA Charitable Rollover
SUPPORT WHITMAN WITH TAX-FREE IRA GIFTS
On December 18th, Congress passed legislation retroactively extending the charitable IRA rollover for 2015 and making this provision permanent for future years. A total of up to $100,000 can be transferred each year directly from your IRA to Whitman College and other qualified charities.
Here’s how it works:
- You must be at least 70 ½ years of age at the time the direct charitable distribution is completed.
- The amount transferred directly to Whitman will not be included in your gross income - it is a tax-free distribution.
- A contribution from your IRA directly to a qualified charity will count toward your annual required minimum distribution (RMD).
To make your gift, contact the company administering your IRA and request their internal form that will authorize a charitable distribution from your IRA directly to Whitman College, mailed to 345 Boyer Avenue, Walla Walla, WA 99362. Whitman College’s Employer Identification Number is 91-0567740. Please advise us when you authorize a direct gift from your IRA to Whitman to ensure we properly account for your generous support.
For additional information, please contact Jamie Kennedy in the Office of Planned Giving at (509) 527-5989 or email@example.com, or consult with your professional advisors.