IRA Charitable Rollover 

The IRA Charitable Rollover allows individuals who are 70-½ years old or older to direct distributions from their IRA account to qualified domestic charities each tax year, up to an annual limit of $100,000. Rollover donors can avoid taking their Required Minimum Distribution (RMD), or lessen the income they must recognize from their RMD, by directing their IRA Plan Administer to make a Rollover gift to Bowdoin. Because Rollover gifts go directly from the Plan Administrator to the donor’s designated charity, the donor does not recognize any income from their tax-deferred IRA and cannot take a tax-deduction for the gift.

Download the IRA Charitable Rollover Fact Sheet (PDF).