St. Ignatius

IRA Charitable Rollover 

The IRA Charitable Rollover allows taxpayers age 70 ½ or older to transfer up to $100,000 annually from their IRA accounts directly to charity without first having to recognize the distribution as income.

How It Works

  • If you are 70½ or older, you can give up to $100,000 directly from your IRA to charities such as St. Ignatius.
  • The transfer generates neither taxable income nor a tax deduction, so you still benefit even if you do not itemize your tax deductions.
  • If you have not taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.
  • The transfer may be made in addition to any other charitable giving you have planned.
  • If you made a gift to a qualified charity of up to $100,000 directly from your IRA in 2019, your gift will qualify under the law.
  • The gift needs to be made by Dec. 31, 2019, if you want your gift to qualify this year.

If you have already made a qualifying gift in 2019, contact your advisor to make sure your gift is properly reported on your 2019 income tax returns. If you are interested in this unique opportunity to help further our mission, or if you have any questions, please feel free to contact me.

Sincerely,

Annie Reilly
Planned Giving Coordinator
areilly@siprep.org
415-731-7500 ext. 5122

 

Download a Word file to help you with a gift to SI.

Our Information

St. Ignatius College Preparatory is a 501(c)(3) non-profit organization.

Tax ID or EIN

94-1451515

Address

St. Ignatius College Preparatory
2001 37th Avenue
San Francisco, CA 94116

Contact Information

Annie Reilly
Planned Giving Coordinator
areilly@siprep.org
415-731-7500 ext. 5122