IRA Charitable Rollover

If you are age 70 ½ or older and have an eligible IRA, there’s a special way for you to support the public programming that we all enjoy.

It’s called an IRA Charitable Rollover, and it’s a tax device that allows you to make a donation from your IRA every year while also lowering your overall tax burden.

When you make a donation to Louisville Public Media in this way, it counts towards your required minimum distribution from your IRA. Because the distribution is not counted as income, you can make the distribution without paying taxes on it.

 

So, how does this work?

  • Contact your IRA plan administrator to make a gift from your IRA to us.
  • Your IRA funds will be directly transferred to our organization to help continue our important work.
  • Please note that IRA charitable rollover gifts do not qualify for a charitable deduction on Schedule A.
  • Please contact us if you wish for your gift to be used for a specific purpose.

 

What are the qualifications?

  • Must be 70-1/2 years old or older and have an eligible IRA.
  • Rollover cannot exceed $100,000 ($200,000 for couples).
  • Rollover must go directly to a charity and not to a supporting foundation (no donor-advised funds or private foundations).
  • Rollover must be made from traditional individual retirement account or ROTH IRA. No 403(b) or 401(k) plans, no pension plans, or other retirement plans are eligible for this tax-free option.
  • You cannot receive any goods or services in return for your charitable IRA rollover.

 

Contact your IRA plan administrator to make a gift from your IRA to us, and continue fueling real, tangible impact in this community.

For cash, direct your administrator to make your gift to

Louisville Public Media
619 South 4th Street
Louisville, KY 40202

 

For stock, direct your administrator to transfer securities to our account at

DTC #0547
Account #3051-1730
Kentucky Public Radio Inc (Tax ID #61-1259787)

 

If you are making an IRA charitable rollover gift, or if you have any questions about how to do so, please contact your financial advisor or our membership department at  membership@louisvillepublicmedia.org. To find more ways that you can support our work, click here.