IRA Charitable Rollover

The charitable IRA rollover, or qualified charitable distribution, allows donors to transfer Individual Retirement Account (IRA) assets directly to public charities and have it count towards their required minimum distribution.

How does the charitable IRA rollover benefit you?

  • You avoid income tax because IRA rollover distributions are excluded from income
  • If you have not already taken your required minimum distribution, a rollover gift can count toward satisfying this requirement
  • It makes it easier to use IRA assets during your lifetime, to make charitable gifts

Who benefits the most from using the charitable IRA rollover to make donations?

  • Persons with significant assets in an IRA
  • Persons making gifts that are large, relative to their income (Because a charitable rollover is not included in taxable income, it does not count against the usual percentage limitations on using charitable deductions.)
  • Persons having so few deductions that they choose not to itemize

Is there a limit on the amount that can be given?

  • Yes, there is a limit. An individual taxpayer’s total charitable IRA rollover gifts cannot exceed $100,000 per tax year.

Interested in learning more about making a charitable IRA rollover distribution to Washington State Opportunity Scholarship? Contact us at