Gift & Estate Planning: Retirement Gifts (IRAs)

Retirement Gifts (IRAs)
September 2, 2019 Shawn Sweeney

If you are 70 ½ years old or older, you can take advantage of a simple way to enjoy the satisfaction of supporting the Jane Goodall Institute’s important work and also receive tax benefits in return.

You can give up to $100,000 per year from your traditional IRA or Roth IRA directly to a charity of your choice without having to pay income taxes on the money. This can be a one-time or a recurring gift.


  1. Your gift will be put to use today, giving you the satisfaction of knowing what a difference your donation is making in Jane Goodall Institute’s mission.
  2. You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.
  3. If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.

Direct rollovers to a qualified charity can be made only from an IRA. Under certain circumstances, you may be able to roll assets from a pension, profit sharing. 401(k) or 403(b) plan into an IRA and then make the transfer from the IRA directly to JGI. To determine if a rollover to an IRA is available from your plan, speak with the Administrator of your retirement plan.

JGI must receive your gift by December 31 for your donation to qualify for this year. It is safer to ensure there is adequate time before the end of the year for mailing and processing (at least 10 days) if you plan to send a check.

If you have a spouse (as defined by the IRS) who is 70 ½ or older and has an IRA, he or she can also give up to $100,000 per year.


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