IRA Charitable Rollover

IRA Charitable Rollover Emergency Economic Stabilization Act of 2008

The Emergency Economic Stabilization Act of 2008 includes an extension of the IRA Charitable Rollover. You may want to consider this tax-advantaged method of maintaining your charitable giving.

If you gift your distributions from traditional or Roth IRAs directly to St. Joseph’s College, you can avoid paying income tax on up to $100,000 of the distribution.

Details of the Program

  • The donor must be 70½ at the time of transfer to ensure favorable tax treatment for that tax year.

  • The transfer is limited to $100,000 per tax year (2008 and 2009) and per spouse, if the spouse has a separate IRA account.

  • The transfer is not limited to 50 percent of adjusted gross income (AGI) like other cash gifts.

  • The act applies only to traditional, rollover and Roth IRAs. However, funds from other types of retirement plans may be rolled into a traditional IRA in order to make the gift.

  • The transfer must pass directly from the IRA custodian to the qualifying charity.


If you have any questions about giving to St. Joseph’s College, please contact Clare Kehoe at or 718.940.5579.

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