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IRA Charitable Rollover

If you are 70½ or older, recognize clear tax benefits and satisfy your required minimum distribution (RMD) for the year when you give from your IRA to a Family IRA Rollover Fund at Central Florida Foundation.

IRA Charitable Rollover
IRA (Custodian)
CFF
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Benefits of a Family IRA Rollover Fund

  • Avoid taxes on transfers of up to $100,000 from your IRA to the fund
  • Satisfy your required minimum distribution (RMD) for the year
  • Reduce your taxable income, even if you do not itemize deductions
  • Make a gift that is not subject to the deduction limits on charitable gifts
  • Provide consideration for needs in the community that resonate with you and your family

How an IRA charitable rollover gift works

  1. Contact your IRA plan administrator to make a gift from your IRA to Central Florida Foundation.
  2. Your IRA funds will be directly transferred to the Family IRA Rollover Fund at Central Florida Foundation.
  3. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
  4. Please contact us if you wish for your gift to be considered for specific needs in the community.

Contact us

If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.

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