1900 E. Morgan Ave. Evansville, IN 47711 evansvilleoffice@cefindiana.com 812-422-2136

IRA Charitable Rollover

IRA Charitable Rollover

If you are 70.5 years old or over, you may use the IRA Charitable Rollover option to make direct charitable gifts from your IRA. The charitable distribution can count for all or part of your Required Minimum Distribution (RMD), but no tax deduction is allowed to the owner of the IRA. Individuals may make gifts to a charity from both traditional and Roth IRA accounts without any federal tax liability as long as the gifts are “qualified charitable contributions” per the IRS.

In giving to CEF of Evansville in this way, you can expect the following benefits of an IRA Qualified Charitable Distribution:

  • You will avoid taxes on transfers of up to $100,000 from your IRA to the charitable organization
  • You will satisfy your required minimum distribution.
  • You will reduce your taxable income, even if you do not itemize deductions
  • Your gift will not be subject to the 50% deduction limits on regular charitable gifts
  • You will increase your ability to help further the mission and ministry of your choice

As you consider and pray about this option, please review the guidelines before for participation in an IRA Qualified Charitable Distribution:

  • Gifts will qualify for all or part of your Required Minimum Distribution
  • The provision for this type of gift is now permanent
  • The IRA holder must be at least 70.5 years old at the time of distribution
  • Gifts are tax-free up to $100,000
  • Gifts must be outright gifts to a charitable organization
  • Gifts may only be made from traditional or Roth IRA accounts

If you would like to make a qualified charitable distribution to CEF of Evansville, please contact your plan administrator and request the transfer.

Below is our official (legal) chapter name and address information for this purpose:

CEF of Indiana, Inc.
Evansville Area Chapter
1900 E. Morgan Avenue
Evansville, IN 47711

Your IRA funds will be transferred directly to CEF of Evansville as you help to continue the local work of reaching boys and girls for Jesus. Please note that the IRA charitable distribution does not qualify as a charitable deduction.

Thank you for your interest in making a lasting impact upon local children’s ministry with an enduring financial gift through an IRA Charitable Rollover! Please do not hesitate to contact us online or call 812-422-2136 to address any questions or discuss any special arrangements.