Is the Charitable IRA Rollover
Right for You?
The charitable IRA rollover may be
particularly appealing if
You want to make an
to Johns Hopkins that will have
immediate impact. A charitable IRA
rollover cannot fund a life income
gift like a charitable gift annuity.
You have a required minimum
distribution, but do not need
additional, taxable income.
A charitable IRA rollover can
satisfy the requirement with a direct
transfer to Johns Hopkins.
You have maxed out your charitable
income tax deductions. An IRA
distribution operates separately from
tax rules that limit the tax benefit of
individual charitable giving.
You do not itemize your income tax
deductions. If your IRA distribution
goes directly to Johns Hopkins, the
amount of your distribution is never
considered taxable income to you
in the first place.
You reside in a state that does not
allow itemized charitable deductions.
In states that do not allow a charitable
deduction or limit the charitable
deduction, a charitable rollover from
your IRA is advantageous on the state
tax-level, even if your state does not
allow a charitable deduction.
How to Make Your Gift
Consult with your advisor to see
whether the charitable IRA rollover
is a good option for you.
Contact your IRA custodian
and instruct your custodian to
make a distribution directly to
Provide your IRA custodian with
our tax ID no. 52-0595110 and
contact information listed below.
Notify us that your gift is on its way
and the area of Johns Hopkins you
would like to support. You can call
us at the number below or email us
Office of Gift Planning
San Martin Center, 2nd Floor
3400 North Charles Street
Baltimore, Maryland email@example.com
Charitable IRA Rollover
Individuals 70½ and older
Transfers come from traditional
IRA accounts directly to Johns
Hopkins. Retirement assets in
a 401(k) or 403(b) must first
be rolled into a traditional IRA
before contributing them
Up to $100,000 per year
Immediate impact on Johns
Hopkins. The distribution
counts toward some or all of the
required minimum distribution,
and the transfer is excluded
from a donor’s taxable income.
Support Johns Hopkins’
future needs by designating
Johns Hopkins as a beneficiary
of your retirement account
and avoid the tax burden
incurred if you designate the
asset to your heirs.
Johns Hopkins does not give tax, legal,
or financial advice; please consult
your own advisor for individual advice.
The information contained in this
publication is not intended to or written
to be used, and cannot be used, for
the purpose of avoiding penalties
imposed under the Internal Revenue
Code or promoting, marketing, or
recommending to another party any
transaction or matter addressed herein.