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Make a Gift to WBUR from your IRA

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If you are 70½ years old or older, you can take advantage of a simple way to benefit WBUR and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity without having to pay income taxes on the money.

Gifts made through an IRA charitable rollover are not reportable as taxable income so you could pay less in taxes. And for non-itemizers, an IRA charitable rollover can still provide tax benefits because it reduces taxable income.

How it Works:

To take advantage of this opportunity, you must meet the following requirements:

  • You are age 70½ or older at the time of the gift
  • You transfer funds directly from your IRA to WBUR
  • Your gift does not exceed $100,000
  • The transfer occurs before December 31, 2019

Please consult your financial advisor prior to instructing your IRA provider to make a gift under this provision. In the Resources section below, we’ve included sample letters to send to your plan administrator to initiate the rollover process and to WBUR letting us know the details of your gift.

Resources:

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.