IRA Charitable Rollover

Tax-free charitable IRA gifts were made permanent at the end of 2015, which means that individuals age 70 ½ and older can make tax-free gifts totaling up to $100,000 per year directly from their IRA to the St. Louis Symphony Orchestra and other qualified public charities.

To make a tax-free charitable gift from your IRA:

  • You must be 70 ½ years of age or older when the distribution is made.
  • The transfer must go directly from your IRA to the SLSO.
  • The provision has been made permanent. You may make tax-free transfers from your IRA to a charity or charities totaling up to $100,000 each calendar year. Your spouse may also be eligible to make such gifts up to $100,000 from his/her IRA.
  • A charitable rollover gift from your IRA will count toward your minimum distribution requirement.
  • Gifts from an IRA may only be used to make an outright gift to a qualified public charity, such as the SLSO. Tax-free charitable IRA rollover gifts cannot be used to fund a gift annuity, charitable remainder trust, a donor advised fund or a private foundation.

Please consult your tax professional if you are considering a gift from your IRA account under the extended law.

Contact Us

Elaine Wichmer
Director, Individual Philanthropy, Major and Planned Giving
Phone: 314-286-4457