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.

Share This Blog

Recent Blog Posts

The First Amendment and the Right to Wear Regalia 

Apr 28, 2026 | , ,

To ensure your rights are upheld on graduation day without incident, the American Indian College Fund urges students to be proactive and to work with school administrations far in advance of graduation to ensure their graduation celebration is observed in a traditional and meaningful way without incident.

Proposed Federal Budget Would Eliminate All Dedicated Tribal College and University Funding, Could Shutter All Institutions in One Year 

Proposed Federal Budget Would Eliminate All Dedicated Tribal College and University Funding, Could Shutter All Institutions in One Year 

Apr 28, 2026 | , ,

Both the College Fund and AIHEC believe consistent and robust funding across agencies is essential to ensuring tribal students and communities are not left behind. To advance opportunity in rural America, TCUs must be treated as a central investment priority in the President’s Budget. 

Learn More About Us

About Us

Advocacy

Meet Our Team

Frequently Asked Questions

Press, Media, Financials

Careers