IRA Rollover Donations

IRA Charitable Rollover 2012/2013IRA Rollover Provision Extended Permanently!

With the passage of the Protecting Americans from Tax Hikes (PATH) in late 2015, the provision for Qualified Charitable Distributions (QCD’s) from an IRA has been renewed and made permanent.

This provision allows individuals 70-½ and older to rollover funds directly from their IRA account  to the Fraternity – tax-free.

A Qualified Charitable Distribution allows the donor to satisfy their Required Minimum Distribution, and funds contributed do not count as Adjusted Gross Income. This is a great advantage to the donor!

All IRA rollovers for 2015 must be made by Dec. 31, 2015.

Listed below are the basic guidelines of the provision:

  1. The donor must be age 70-½ or older at the time of the gift.
  2. The charitable donation must be distributed directly from a traditional or Roth IRA to the charity.
  3. $100,000 is the annual rollover maximum per person.

This is a great opportunity to support work of the Priestly Fraternity of St. Peter via a tax-free direct rollover from your IRA. For more information, or to arrange a donation via an IRA rollover, please contact Mr. Jerry Getz in the Fraternity Business Department at (570) 842-4000 ext. 202 or controller@fssp.com

Please consult with your tax adviser or investment manager if you are considering an IRA rollover.

One response to “IRA Rollover Donations”

  1. Charitable IRA Rollover Contributions Extended to 2013: North American District of the FSSP

    […] With the passage of the American Taxpayer Relief Act of 2012, the provision for Qualified Charitable Contributions from an IRA has been extended to the end of calendar year 2013. Visit our IRA Rollover page for all of the details. […]





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