If you are 70½ or older, you can give any amount up to $100,000 from your IRA directly to us. (Note: This amount will be higher in subsequent years to adjust for inflation.) You will not pay income taxes on the transfer. If you are required to take minimum distributions, you can use your gift to satisfy all or part of your obligation. Your IRA administrator must remove the funds from your account by Dec. 31 for your donation to qualify this year.
Did you know? If you have check-writing features on your IRA, your check must clear your account by Dec. 31 to count toward your required minimum distribution for the calendar year.