IRA Charitable Rollovers

Bennett the dog IRA rollover illustration

Take it from our spokesdog, Ira: IRA charitable rollovers are a great tool for helping your community and possibly reducing your income tax burden.

If you are 70½ or older, you can make a Qualified Charitable Distribution from your IRA directly to United Way of Greater Topeka. Your gift will help local families immediately, and a rollover can help you:

Avoid taxes on transfers up to the annual maximum of $100,000 ($200,000 for couples) from your IRA to United Way of Greater Topeka.
Satisfy your required minimum distribution for the year.
Reduce your taxable income, even if you do not itemize deductions.
Make a gift that is not subject to the 50% deduction limits on charitable gifts

To make your IRA charitable rollover gift:

1. Contact your IRA plan administrator to make a gift from your IRA to United Way of Greater Topeka.

2. Your IRA funds will be directly transferred to United Way to help support work in education, financial stability and health.

3. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.

Talk to your IRA plan administrator today about donating to United Way by making a Qualified Charitable Rollover. When your rollover is in place, please notify United Way of Greater Topeka of your gift by calling Lexi at 785.228.5123 or email lray@unitedwaytopeka.org. An IRA charitable rollover gift is one of the most effective and sustainable ways you can support measureable and collaborative change for everyone in the greater Topeka community.