The Charitable IRA Rollover is now permanent!

If you are at least 70½ you can now make tax-free gifts directly from your IRA to Idaho Public Television as a Qualified Charitable Distribution.

That way, your Required Minimum Distribution (RMD) won't be taxable income, but WILL make a difference! It's a smart way to not only enjoy tax savings but also support the value of public television.

Here's How It Works:

  • You must be 70½ or older to make an IRA rollover gift to a public charity, like IdahoPTV.
  • You can give up to $100,000 from your Traditional or Roth IRA.
  • Instruct your plan administrator to send a specific dollar amount directly to Idaho Public Television. Your administrator can send the gift by check or electronic transfer.
  • All the information you need to initiate a charitable rollover directly from your IRA to Idaho Public Television can be found in this sample letter to your IRA custodian.
  • Notify us of your intent to give by sending a copy of your completed request to shane.chariton@idahoptv.org
    or mail to: Idaho Public Television at 1455 North Orchard Street, Boise, ID 83706.

Benefits to You:

  • Each dollar of your donation will count towards your required minimum distribution for the year.
  • You can exclude up to $100,000 of this gift from your Federal gross income - resulting in lower taxable income and possible tax savings
  • You will have the personal satisfaction of doing more for our community.
  • Please consult with your financial advisor about your particular tax situation.

Tip: This tax savings is especially valuable to donors who are non-itemizers and donors who have reached their limit on itemized charitable deductions.

ACT NOW!

Your gift must be completed by December 31st in order to receive the maximum benefits for the current tax year.


For more information on how to make an IRA rollover gift, please consult your tax consultant or email Shane Chariton, Major Giving Director, at 208-373-7328 or 1-800-543-6868.