Charitable IRA Rollover

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Charitable IRA Rollover 2017-01-10T12:12:54+00:00

Don’t miss this golden opportunity to make a tax-free rollover gift directly from your IRA to the Santa Fe Botanical Garden.

Renewed and made permanent by Congress and the President on December 18, 2015, the IRA charitable rollover allows individual taxpayers older than 70 ½ years to donate up to $100,000 annually from their individual retirement accounts (IRAs) and Roth IRAs to charitable nonprofits without having to treat the withdrawals as taxable income. This gift can even count towards your required minimum distribution and as such, can significantly reduce your income tax liability. You can take advantage of the charitable rollover this year by contacting your IRA administrator and requesting your distribution be made before December 31, 2015. But thanks to this historic vote, the rollover will be available to you in future years as well. Please consider making a charitable rollover gift to limit your tax liability and help our Garden grow!

If you are interested in investigating a donation of this type, please contact Clayton Bass, CEO, 505-471-9103 or clayton@santafebotanicalgarden.org.

Read the letter from board member Dr. Letitia Chambers about her charitable IRA rollover gift