A qualified charitable distribution, also known as an IRA charitable rollover gift, allows individuals 70½ or older to make an outright gift of up to $100,000 annually from an IRA directly to Make-A-Wish Illinois (the distribution is not subject to tax). 

Recap of Charitable IRA Rollover Rules

• The IRA account holder must be age 70½ or older at the time the distribution is made to Make-A-Wish Illinois 
• Distributions are limited to $100,000 per individual per year and must be transferred directly from the IRA custodian to Make-A-Wish Illinois 
• Distributions can only be directed from a traditional or Roth IRA 
• The distribution must be an outright gift to Make-A-Wish Illinois 

Benefits of Charitable IRA Rollover

• Satisfies all or part of annual required minimum distributions (RMD) and provides a charitable giving strategy for donors who do not need the additional income 
• The rollover amount is a tax-exempt distribution and not subject to income tax 
• Maximizes giving by allowing donors to give outside of the charitable deduction limit 
• Provides value for those who do not itemize 
• May be used to fulfill any outstanding pledges 
• You should work closely with your IRA custodian to request a direct distribution to Make-A-Wish. 

Contact us at 312.602.9474 or gifts@illinois.wish.org with questions and to notify us of your planned gift.