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How Charitable IRA Rollovers Work

ALERT: IRA Charitable Rollover Now Permanent

Under recent federal legislation, you can use your Individual Retirement Account (IRA) to make a gift to your favorite charitable institutions, including Boston College.

Individuals age 70 ½ and older can now instruct their IRA administrators to make a distribution directly to BC and exclude the amount of the gift from their gross income for federal tax purposes.

By making an IRA charitable rollover, you can:

  • Satisfy your required minimum distribution
  • Avoid federal and, in many cases, state income taxes
  • Provide critical support to the BC department, school, or initiative of your choice

Maximize your 2016 charitable gift—and create an immediate and tangible impact at the Heights.

To be eligible:

  • You must be 70½ years of age or older at time of distribution
  • Total charitable gifts cannot exceed $100,000 per taxpayer each year
  • Transfers from traditional and Roth IRAs must be made directly from the account administrator to Boston College

To make a gift

  • Contact your IRA administrator to request that a charitable distribution be transferred to Boston College
  • To ensure gifts are properly recognized and recorded, instruct your IRA administrator to indicate the donor’s name on the check and specify that the gift is an IRA charitable distribution
  • Send your check to:

Boston College
Office of Gift Planning
Cadigan Alumni Center
140 Commonwealth Avenue
Chestnut Hill, MA 02467
Boston College Tax ID: 04-2103545

Note: The IRA charitable rollover is federal law; state and local law may not provide the same benefits.

To discuss your giving options in confidence, please contact the Office of Gift Planning at 877-304-SHAW or legacygiving@bc.edu.

Considering an IRA charitable rollover or other legacy gift?

Discuss your giving options in confidence with BC’s Office of Gift Planning. Call toll-free at 877-304-SHAW, or send email to legacygiving@bc.edu.

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