IRA Charitable Rollovers

IRA Charitable Rollover Program

Congress has permanently extended this popular tax-advantaged giving opportunity.

The law allows individuals who are age 70½ or older to make gifts of up to $100,000 directly from their IRA account to one or more qualified charities, without paying federal income tax on the withdrawal. 

Donors who wish to make a gift to benefit Knoxville Jewish Alliance may want to make a Qualified Charitable Distribution. 

Here are the specifics:

  • Donors must be age 70½ or older at the time the gift is made.

  • Only traditional IRAs are eligible.

  • Donors must request a direct transfer of funds from their plan administrator to a qualified public charity; funds cannot be withdrawn prior to a gift or the tax benefit is nullified.

  • Gifts cannot be made to a private foundation or to a donor advised fund.

  • Gifts cannot be used to fund a gift annuity or charitable remainder trust.

  • Each donor may give up to $100,000 per year. For couples, each spouse can give up to $100,000. 

  • Distributions made under this law can be used to satisfy the donor's required minimum distribution (RMD). The rollover allows for a charitable gift to fulfill the RMD without adding to tax liability.

Note: Knoxville Jewish Alliance cannot give tax or legal advice. Please consult your own professional tax advisor about the best way to take advantage of this opportunity.



To make a gift to KJA from an IRA

Contact your IRA plan administrator and request a direct Qualified Charitable Distribution from the IRA account to Knoxville Jewish Alliance, a 501(c)(3) organziation, with Tax ID number 62-0452960.
Checks should be mailed directly to Knoxville Jewish Alliance, 6800 Deane Hill Drive, Knoxville, TN 37919.


Your gift helps strengthen the Jewish community in Knoxville and around the world. Thank you!