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Chesterton House

A Center for Christian Studies at Cornell

from IRA

On January 1, 2013, Congress passed the American Taxpayer Relief Act of 2012, H.R.8., which extends the Charitable IRA Rollover through December 31, 2013.

If you are 70 1/2 or older, you can make a gift of up to $100,000 directly from your IRA to a charity or non-profit, and you will not have to pay tax on this gift. The transfer will be a totally tax-free transfer to the public charity and thus equivalent to a 100% charitable deduction, which is not subject to the normal charitable giving limit of 50% of adjusted gross income. 

Thank you for considering Chesterton House in your charitable giving!