IRA Charitable Rollover

What is an IRA Charitable Rollover?

There are lots of tax-effective ways to make a gift to the Delaware Art Museum. If you’re 70½ or older, you may want to consider an IRA charitable rollover, which could lower the income taxes from your required annual IRA withdrawals.

Recap of Charitable IRA Rollover Rules

  • Donor must be at least 70 ½ years of age when the gift is made
  • Transfer must be made directly from the IRA administrator to a qualified charity (like the Delaware Art Museum)
  • The maximum allowed gift per individual is $100,000 per year
  • Must be outright gifts
  • This gift opportunity only applies to IRAs
  • The charitable IRA distribution can be used to pay a pledge

Benefits of Charitable IRA Rollover

  • May make a significant gift without using cash or other assets
  • The rollover amount is a tax-exempt distribution and not subject to income tax
  • IRA rollover can be used to meet all or part of required minimum distribution (RMD)
  • Gift not subject to charitable gift limitations
  • Still benefit from reduced taxes if you do not itemize

Steps for Directing a Charitable IRA Rollover to the Delaware Art Museum

  • Contact your IRA plan administrator for their specific transmittal form or use our sample direction letter to request a gift transfer from your IRA to the Delaware Art Museum.
  • For 2018 credit: direct your plan administrator to make the transfer on or before December 31, 2018. Postmark must be no later than December 31, 2018.
  • Inform the Museum of the designation of your gift by noting it at the bottom of your direction letter or by contacting Molly Giordano at

Questions? Contact Molly Giordano, Interim Executive Director at or 302.351.8515.