Charitable IRA Rollover
Did you know you can transfer funds directly from a traditional or Roth IRA to Project Angel Heart, avoid having to report the distribution as income, and have an immediate impact on people living with cancer, kidney disease, HIV/AIDS and other life-threatening illnesses?
On December 18, 2015, the President signed congressional legislation to permanently extend the IRA Charitable Rollover. If you’re 70-1/2 or older, this may provide a way to make a meaningful gift to Project Angel Heart, reduce your overall tax burden, and take care of your annual required minimum distribution.
“I try to give all I can both financially and as a volunteer to make sure that this gift of life to so many continues far into the future. The tax-free transfer of funds from my IRA to Project Angel Heart was very easy and worthwhile. My financial institution did all of the required accounting, notification, and transfer.”
– Jim Hill, donor
How It Works
If you are 70-1/2 or older, you may transfer up to $100,000 per year directly from your traditional IRA to a qualified charity, like Project Angel Heart. If your spouse has a separate IRA, he or she is also eligible to make a charitable IRA rollover gift. The amount of the transfer will not be included in your taxable income, and the transferred amount counts toward the IRA’s required minimum distribution.
Making Your Gift
- Talk to your financial and tax advisers to determine whether the charitable IRA rollover is the right option for you.
- Contact your IRA custodian and instruct them to make a distribution directly to Project Angel Heart.
- Provide your IRA custodian with our tax ID number, 84-1199481, and contact information (below).
- Notify Andrea Pacheco, Individual Giving Officer, that your gift is on the way.
Project Angel Heart
4950 Washington Street
Denver, Colorado 80216