Supporters Age 70 ½ and Older May Take IRA Charitable Rollover for 2014

Dec 18, 2014 | Blog

Supporters Age 70 ½ and Older May Take IRA Charitable Rollover for 2014

December 18, 2014

Yesterday, the Senate passed the “Tax Increase Prevention Act of 2014,” (HR 5771) which includes an extension through December 31, 2014 of the IRA Charitable Rollover.

The IRA Charitable Rollover allows people, aged 70½ and older, to transfer up to $100,000 directly from an IRA to charity each year. The transfer is NOT subject to income tax, as it does not go to the donor.

President Obama is expected to sign the bill in the next few days. You must take advantage of this extension before midnight, December 31, 2014.

Please note this transfer does NOT qualify as a 2014 charitable deduction.

Recent Blog Posts

How Does the Department of Education Impact Higher Education?

How Does the Department of Education Impact Higher Education?

Mar 4, 2025 | , ,

Many organizations like the American Indian College Fund, in addition to those who challenged the Executive Order in court, reaffirmed their values which are grounded in the belief that we all contribute to the common good through education. Here at the College Fund we believe all Native people who desire an education deserve the opportunity to ensure their participation in a strong, economically thriving, democratic nation.

Learn More About Us

About Us

Advocacy

Meet Our Team

Frequently Asked Questions

Press, Media, Financials

Careers