The IRA Charitable Rollover Is Back for 2013

January 08, 2013

2013 is here and the AGA Research Foundation’s charitable individual retirement account (IRA) rollover is back.

The charitable IRA rollover legislation allows you to transfer lifetime gifts up to $100,000 using funds from your IRA without undesirable tax effects.

By making a gift this year of up to $100,000 from your IRA to the AGA Research Foundation, you can see your philanthropic dollars at work. You are jump-starting the legacy you would like to leave and giving yourself the joy of watching your philanthropy take shape. Moreover, your gift will assist in furthering basic digestive disease research, which can ultimately advance research into all digestive diseases.

You may contribute funds from your IRA if: 

  • You are age 70½ or older at the time of the gift.
  • You made a gift of any amount up to $100,000 in 2012 or make a gift by Feb. 1, 2013, which may count retroactively for 2012.
  • You make a gift of any amount up to $100,000 on or before Dec. 31, 2013, to qualify for 2013.
  • You transfer funds directly from an IRA.1
  • You transfer the gifts outright to one or more qualified charities, but not to supporting organizations or for gift annuities, charitable trusts, donor advised funds or any gift from which you receive a personal benefit.

Want to learn more on IRA rollover? Read our FAQ.

1 Because this legislation was enacted in January 2013, a special transition rule allows individuals who took a distribution from their IRA in December 2012 to make a gift to a qualified charitable organization prior to Feb. 1, 2013, and treat that as a direct transfer.

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