The IRA Charitable Rollover allows IRA owners ages 70½ and older to make tax-free donations from their IRA to eligible charitable organizations, including colleges and universities. Donations may total up to $100,000 per year.
Donors who make a contribution from their IRA may exclude up to $100,000 per year from their taxable income.
How to Make Your Gift
Contact your IRA plan administrator and request that funds be transferred directly to Community College of Philadelphia. Note that withdrawing funds from an IRA yourself and then making a private contribution can result in unwanted tax consequences. Therefore, before transferring funds from an IRA, we recommend consulting your tax or financial advisor to discuss the transaction. We also ask that you inform us of your intentions.
For more information about IRA Charitable Rollovers, contact:
Lyvette Jones, Director of Leadership Gifts
Community College of Philadelphia Foundation
1700 Spring Garden Street, Annex - 7th Floor
Philadelphia, PA 19130