Charitable IRA Rollover Gifts

The Charitable IRA Rollover Is Back!

When Congress passed the American Taxpayer Relief Act (ATRA) on New Year's Day, a special benefit was included. The Charitable IRA Rollover was extended for certain charitable distributions made for 2013.

If you are 70½ or older, the return of the charitable IRA rollover may be good news for you. Under the American Taxpayer Relief Act of 2012, you can make tax-free distributions up to $100,000 directly from your IRA for qualified charitable purposes. Making your gift can be a simple process, without tax complications. Your gift may also count toward your mandatory annual withdrawal. Many KQED supporters know that charitable beneficiary designations of their retirement benefits make good estate planning. This legislation brings back similar tax benefits for gifts made now—while you are able to enjoy the benefits of your generosity.

You may contribute funds from your IRA to KQED if:

  • you are age 70½ or older
  • you give no more than a total of $100,000 per year ($200,000 for couples)
  • you complete the gift on or before December 31, 2013
  • you direct the transfer of funds directly from an IRA. (You cannot withdraw the funds yourself.)

How to make a gift: Direct your IRA trustee or custodian to transfer your desired gift amount to KQED. (KQED can provide a form letter to request the transfer.)

We urge you to also consult your tax advisor before completing a gift under this law.

For more information, please contact the appropriate KQED representative:

  • KQED Leadership Circle - gifts of $500 to $1,499, 415-553-2345
  • KQED Signal Society - gifts of $1,500 to $9,999, 415-553-2300
  • KQED Producer's Circle - gifts of $10,000 and more, 415-553-3312
  • KQED Legacy Society - Endowment gifts and Legacy gifts through retirement plan beneficiary designations, 415-553-2230

Or contact Earl Blauner, Senior Director, Gift Planning and Endowment, at 415-553-2861 or, or Karen Marek, Director of Gift Planning, at 415-553-2434, or with any questions.

To learn more about the American Taxpayer Relief Act (ATRA) and how it may impact your tax planning, please refer to:

Estate Gifts from IRAs Still a Great Idea

While Charitable IRA Rollover Gifts allow donors to further their philanthropic goals and reduce taxable income, designating charitable organizations as beneficiary of IRA, 401(k), pension or other retirement plans also has its benefits. For many years advisers have been telling clients that IRAs are the very best asset to leave to worthwhile organizations in their estate plans. Income taxes and — for large estates — estate taxes and generation-skipping transfer taxes can markedly reduce the retirement savings accounts of many people at death, leaving a much reduced amount for heirs.

A more satisfying option might be to designate a charity as a beneficiary of all or part of your retirement account and preserve the gifted funds free from estate and income tax, while leaving other, more favorably taxed assets for heirs. To make KQED a beneficiary of your retirement plan, simply ask the trustee or custodian of your account for a beneficiary designation form and list KQED Inc.

Contact us for information about IRA estate gifts.

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