If you are like many individuals, your IRA has increased in value over the years and you
may have more income than you need. The IRA rollover gift is a simple and easy way to
provide for ECHO while not increasing your taxable income.
If you are over age 70½, you may annually gift any amount up to $100,000 of your IRA to
charity.
It’s very easy to make the gift by directing your custodian to transfer a portion of
your required minimum distribution directly to charity. ECHO receives a nice gift and you
avoid any additional tax.
To make a transfer from your IRA to ECHO please click here to download a form that you
complete and forward to your IRA custodian.