By Larry S. Blair, Esq.
In Publications
Metz Lewis Brodman Must O'Keefe

Metz Lewis Brodman Must O'Keefe

Posted on January 14, 2016

In order to take advantage of this planning technique, the following requirements must be met:
· Donors must be 70½ at the time of the IRA charitable transfer.
· Gifts must be made directly to a public charity.
· Gifts may not exceed $100,000.
· Gifts may not be made to a Donor Advised Fund, Private Foundation or SupportingOrganization.
The IRA charitable rollover allows donors to make distributions directly from their IRA to one or more charities without the distributions being included in taxable income and subject to withholding. Funds which are transferred from their IRAs directly to charity also count toward their Required Minimum Distribution (RMD).

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