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IRA Charitable Rollover Is a Tax-Efficient Way to Give

Transfer Retirement Assets for Immediate Impact
Posted May 14, 2018

If you are age 70 ½ or older, the IRA charitable rollover may be a convenient way for you to support Johns Hopkins, providing tax advantages to you and immediate support for Hopkins.

How the IRA Charitable Rollover Works

Individuals who are 70 ½ or older may transfer up to $100,000 a year directly from their traditional IRA to a qualified charity, such as Johns Hopkins. If a spouse has a separate IRA, he or she can also make an IRA charitable rollover gift. The amount of the transfer will not be included in your taxable income, yet the transferred amount can count toward your required minimum distribution.

How to Make an IRA Charitable Rollover Gift

If you are considering a charitable gift from your IRA, consult with your advisor to determine if the IRA charitable rollover is a good option for you. The information below will help you make your gift as quickly and seamlessly as possible:

  • Contact your IRA custodian and instruct your custodian to make a distribution directly to Johns Hopkins.
  • Provide your IRA custodian with our tax ID number – 52-0595110 – and contact information (below).
  • Notify the Office of Gift Planning by phone or email that your gift is on its way, and provide us with your full name, address, phone number and the area of Johns Hopkins you would like to support. Contact:
 
mail: Johns Hopkins Office of Gift Planning
San Martin Center, 2nd Floor
3400 North Charles Street
Baltimore, MD 21218
 
email: c-ira@jhu.edu
 
phone: 410-516-7954 or 800-548-1268

For More Information

Download the charitable IRA Rollover information sheet.