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Rollover from an IRA

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The IRA charitable rollover is back, permanently! Direct gifts to ArtsQuest Foundation from your IRA can:

  • Be an easy and convenient way to make a gift
  • Be excluded from your gross income – a tax-free rollover
  • Count toward your required annual minimum distribution

Individuals age 70½ or over can exclude up to $100,000 from gross income for donations paid directly to a qualified charity from their IRA. Key points about qualified charitable contributions (QCDs) include:

The donation satisfies any IRA required minimum distributions for the year.
The amount excluded from gross income is not deductible.
Donations from an inherited IRA are eligible if the beneficiary is at least age 70 ½.
Donations from a SEP or SIMPLE IRA are not eligible.
Donations from a Roth IRA are eligible.
Married individuals filing a joint return may exclude up to $100,000 donated from each spouse’s own IRA ($200,000 total).

If you are interested in supporting the ArtsQuest Foundation with an IRA Rollover, please contact: Jeff Parks, Executive Director, 610-297-7300, jparks@artsquestfoundation.org.