Charitable IRA Rollover Tax Advantage


For those aged 70½ or older, it is once again possible to make tax-favored charitable gifts from traditional and Roth IRA accounts.

In December, 2015 legislation was passed by Congress that allows this special treatment for gifts completed in 2015 and beyond. A total of up to $100,000 can be transferred directly from traditional or Roth IRAs to one or more qualified charities such as Tulane University free of federal income tax each year. There may also be state income tax savings. Amounts given in this way count toward required IRA minimum withdrawal amounts for the year of the gift.

To make such gifts, it is important to not withdraw funds prior to a gift, but have the gift amount distributed directly from an IRA to one or more qualified charities. For those with check writing privileges on their accounts, this may be the most efficient way to make gifts directly from an IRA.

Talk to your advisor about the advantage of directly transferring gifts from your retirement plan to Tulane. Your accountant or other advisor can also help you determine the optimum amount to give from retirement plan accounts under federal and state tax laws.  

To help us track your IRA gift, please inform us of your intent to make a gift from your IRA. Contact Rachel Yepez at 504-314-7295, 800-933-6886 (toll free) or tugift@tulane.edu.

For more information about supporting Tulane with gifts from you IRA, please contact the Office of Gift Planning, giftplanning@tulane.edu or toll-free at 1-800-999-0181.