Rollover IRA Funds

What is an IRA Rollover Contribution?

The IRA charitable rollover allows taxpayers to make tax-free charitable gifts directly from their Individual Retirement Accounts to eligible charities, including colleges, universities, and independent schools. Donors can request a direct transfer or multiple transfers from their IRA and can exclude a “charitable distribution” of up to $100,000 from their yearly income.

How do I roll over IRA funds to Mwebaza?

Contact your IRA trustee (like Fidelity, Charles Schwab, Principal, etc.) for additional assistance and the proper form to complete this contribution.

Want to learn more?

Check out this article for an in-depth look at the tax breaks received when rolling over IRA funds to a charity. Contact us to learn more at mwebazafoundation@gmail.com.