Securities & Gifts from Your IRA

A gift in the form of publicly-traded securities allows for the possibility of an immediate federal income tax deduction. Gifts of long-term appreciated securities may offer additional benefits.

Did you know that if you’re 70 ½ or older and own an individual retirement account (IRA) you can make a gift directly from your IRA to a qualified nonprofit organization? A charitable distribution directly from an IRA is not counted as taxable income, and it satisfies the required minimum distributions beginning at 70 ½. You can distribute up to $100,000 through an IRA charitable rollover, or qualified charitable distribution, each year. Gifts made this way can reduce your tax burden and may positively affect your tax bracket.