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Charitable IRA Rollover Returns

Good news for taxpayers at least 70 ½ years of age!* On Dec. 18, 2015, the Protecting Americans from Tax Hikes Act of 20151, was signed into permanent law by the US Government. You can exclude from income up to $100,000 per person, per year, from your Individual Retirement Account (IRA) distributions which are given directly to qualified charities. And EEM is qualified as one of those charities that can receive money without you having to pay income tax on the donation. Another key benefit of the direct charitable contribution from your IRA is that the distribution counts towards your Required Minimum Distribution2 (RMD).

Rules

Here is a recap of the IRA charitable rollover rules3. You can make a direct transfer if:

  1. You are age 70½ or older on the day of the gift.
  2. You may transfer up to $100,000 directly from your IRA to one or more qualified charities. This opportunity applies only to IRAs and not to other types of retirement plans.
  3. You do not receive any goods or services in return for the rollover gift in order to qualify for tax-free treatment.

How To Give

If you are looking at giving a gift before the end of the year to your favorite ministries, contact your IRA administrator today about making a direct transfer from your IRA and avoid giving Uncle Sam any of your gift.

Thank you for your heart for the souls in Eastern Europe.

Eastern European Mission
PO Box 55245
Hurst, Texas 76054


If you have appreciated stock, bonds or other securities you would like to give and avoid paying capital gains tax, you can find all the details of how to transfer that stock to EEM at www.eem.org/securities