Tax-wise Giving

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IRA Charitable Rollover

The IRA charitable rollover is now permanent and is a terrific way to make a tax-free gift to Breakthrough Urban Ministries using your qualified retirement plan. This gift may also satisfy your required minimum distribution (RMD).

How Do I Qualify?

  • You must be 70 ½ years old or older at the time of the gift
  • Gifts must go directly from your IRA to Breakthrough
  • Gifts must come from an IRA account
  • Gifts cannot exceed $100,000 per donor

Benefits of an IRA Charitable Rollover

  • Gift Gifts can satisfy your RMD without increasing your income taxes
  • You will not pay taxes on your IRA withdrawal when gifted to Breakthrough
  • You may direct your gift to a educational program of your choice
  • It is a wonderful way to create an immediate impact in the lives of students and their families

Our Office of Planned Giving can provide you with a letter to send to your IRA administrator to make an IRA charitable rollover. If you are interested in making such a gift or would like more information, please contact:

Arloa Sutter 
Executive Director
773-346-1739 | asutter@breakthrough.org 

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