It's Not Too Late: IRA Charitable Rollover Law

Permanent IRA Charitable Rollover Signed into Law
President Obama just reinstated a law that allows you to make a tax-free gift to us from your IRA. Known as the IRA charitable rollover, this law has been reinstated for all of 2015 and will remain in effect for 2016 and beyond. If you have already made this type of gift in 2015, you’re in luck! But if you’ve been waiting to make your IRA transfer this year, you must act right now to take advantage of this opportunity.

It’s Not Too Late!
Under the recently reinstated law, you may move up to $100,000 from your IRA directly to the Sisters of St. Joseph of Carondelet without having to pay income taxes on the money. 

How It Works

  • If you are 70½ or older, you can give up to $100,000 directly from your IRA to charities such as ours.
  • The transfer generates neither taxable income nor a tax deduction, so you still benefit even if you do not itemize your tax deductions.
  • If you have not taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.
  • The transfer may be made in addition to any other charitable giving you have planned.
  • The gift needs to be made by Dec. 31, 2015, if you want your gift to qualify this year.
  • If you made a gift to a qualified charity of up to $100,000 directly from your IRA in 2015, your gift will qualify under the new law.

If you have already made a qualifying gift in 2015, contact your advisor to make sure your gift is properly reported on your 2015 income tax returns.

If you are interested in this unique opportunity to help further the Sisters of St. Joseph’s mission and ministries, or if you have any questions, please contact Patricia Cassens, CFRE, CSJA, Executive Director of Mission Advancement, at 314-678-0329 or right away.


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