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 East Tennessee (the distribution is not subject to tax).

Recap of Rules

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

Benefits

• 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 East Tennessee. Please notify us when you are planning to make a Qualified Charitable Distribution (see contact information below).

The above information is intended to assist you in your tax, estate, and charitable planning. It is not intended as legal or tax advice. For such advice, please contact an attorney or financial advisor.

For more information, please contact Erika Raney, Director of Development, 423-602-9953, eraney@etn.wish.org