IRA Rollover easy way to give

Posted on: December 8, 2017
Tags: IRA gifts, Grants

The IRA Charitable Rollover is now a permanent provision of the Tax Code that allows people age 70½ and older to make direct transfers totaling up to $100,000 per year, per individual, to qualified charities, without having to count the transfers as income for federal income tax purposes.

What charities qualify for an IRA Charitable Rollover?

IRA charitable rollover gifts must be distributed directly to a tax-exempt organization classified as a 501(C)3 public charity such as the Hamilton Community Foundation.  To ease the process, we offer the following fund options that qualify for your IRA gift.


 Unrestricted Fund

IRA transfers to the Unrestricted Fund address a broad range of current and future needs. The Hamilton Community Foundation evaluates all aspects of quality of life in our community—arts and culture, economic development, education, civic beautification, social services—and awards strategic grants to select projects and programs.

 Field of Interest Funds

Field of Interest Funds allow you to target gifts to causes you care about: arts, education, economic development, neighborhood revitalization and more. The Hamilton Community Foundation awards grants to community organizations and programs addressing your specific interest area.

 Designated Fund

Designated Funds allow you to support the good work of a specific nonprofit organization—your church, a school, a senior center, library or any qualifying nonprofit charitable organization.

 Scholarship Fund

Scholarship Funds allow you to support students seeking to improve themselves through higher education.

 What does NOT qualify for an IRA Charitable Rollover

  • Donor Advised Funds
  • Private Foundations
  • Charitable Gift Annuities, Charitable Remainder Trusts, etc.

 To begin the process

We recommend that you contact the IRA Administrator and ask about their procedure to execute an IRA Charitable Rollover gift.