Did You Know You Can Make a Tax-Free Donation Directly from Your IRA?
If you are 70½ years old or older, you can take advantage of a simple way to support the Radiation Oncology Institute, ASTRO’s Research Foundation, and receive tax benefits in return. You can give up to $100,000 from your IRA directly to a qualified charity such as ROI without having to pay income taxes on the money.
The IRA Charitable Rollover, which is also known as a qualified charitable distribution, is a special provision that allows certain individuals to exclude from taxable income—and count toward their required minimum distribution—certain transfers of Individual Retirement Account (IRA) assets that are made directly to eligible charities, such as ROI.
Learn more about making an IRA Charitable Rollover.