CHARITABLE IRA ROLLOVER

The charitable IRA rollover, or qualified charitable distribution (QCD), is a special provision allowing certain donors 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 public charities, including 2nd Story. Donors can use this popular option to support the theatre with tax-wise gifts ranging from $100 to $100,000.

Qualifying charitable distributions must be:

• Made by a donor age 70 ½ or older

• Transferred from a traditional IRA or Roth IRA directly

• Completed by December 31 of the corresponding tax year