IRA Charitable Rollover

If you’re 70 1/2 or older, you may want to consider an IRA charitable rollover, which could lower the income taxes from your required annual IRA withdrawals.

Recap of Charitable IRA Rollover Rules

  • Must be at least 70 ½ years of age when the gift is made
  • A transfer must be made directly from the IRA administrator to a qualified charity (Delaware Art Museum)
  • The maximum allowed gift per individual is $100,000 per year
  • Must be outright gifts
  • This gift opportunity only applies to IRAs
  • The charitable IRA distribution can be used to pay a pledge

Benefits of Charitable IRA Rollover

  • May make a significant gift without using cash or other assets
  • The rollover amount is a tax-exempt distribution and not subject to income tax
  • IRA rollover can be used to meet all or part of the required minimum distribution (RMD)
  • Gift not subject to charitable gift limitations
  • Still benefit from reduced taxes if you do not itemize

Steps for Directing a Charitable IRA Rollover to the Delaware Art Museum

  • Contact your IRA plan administrator for their specific transmittal form or use our sample direction letter to request a gift transfer from your IRA to the Delaware Art Museum.
  • Inform the Museum of the designation of your gift by noting it at the bottom of your direction letter or by contacting Amelia Wiggins at

Questions? Contact Amelia Wiggins, Director of Advancement and External Affairs at or 302.351.8503.

View our donor relations policy for more about our relationship with donors.