IRA Charitable Rollover

Support Wheaton through this popular tax-saving opportunity.

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Congress passed the American Taxpayer Relief Act of 2012, which extends the IRA Charitable Rollover for 2012 and 2013. If you are age 70½ or older, you can once again distribute funds, tax-free, directly from your IRA to Wheaton College.

The advantages of the IRA Charitable Rollover include the following:

  • You can contribute up to $100,000 per year, tax-free, directly from your IRA.
  • The charitable distribution counts toward your annual minimum required distribution.
  • The transfer is not reported as taxable income on your tax return, so you may save income taxes, even if you do not itemize deductions.
  • If your state taxes retirement distributions but limits charitable deductions, an IRA charitable rollover may save you state income taxes as well.
  • Your gift will provide significant support for the ministry of Wheaton College.

Please consult with your tax advisor before making a distribution to ensure that you receive your tax benefits.

If you would like to make a gift to Wheaton through your IRA, please contact Gift Planning Services at 1.800.525.9906 or gift.plan@wheaton.edu for assistance.

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