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Charitable IRA Rollover
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Charitable IRA Rollover

   Congress has not yet approved the IRA Charitable Rollover for 2014.  If Congress does so, you will have until December 31, 2014 to make a donation directly from your IRA to the Special Operations Warrior Foundation, without any income tax consequences.

   Please do not assume that Congress will approve the Charitable IRA Rollover for 2014. We suggest that you wait until that happens before arranging this type of gift. Here are the program benefits and rules, once these transfers are approved for 2014: 

   This is a great way to make a tax-wise donation, using funds you are required to withdraw from your IRA.  These Charitable IRA Rollovers count toward your Required Minimum Distribution (RMD).  If you do not want or need your RMD this year, you can simply direct it to the Special Operations Warrior Foundation, and you will not have to pay any tax on that amount.

    In order to arrange a Charitable IRA Rollover, there a few rules to keep in mind. First of all, you need to be at least 70 ½ at the time of the transfer. You also need to ask your financial institution to transfer the funds directly to the Foundation.

    These funds cannot be used for anything that provides you with a benefit, like buying a table at one of our dinners. The maximum contribution amount is $ 100,000 per year. There is no minimum gift amount.

    To assist you with your Charitable IRA Rollover, we have provided a sample letter to send to your IRA custodian requesting the contribution. CLICK HERE FOR LETTER

   We suggest that you allow a couple of weeks for the transfer, so please start it by mid-December to ensure that your gift arrives by December 31st.

     Here is a copy of our IRS Determination Letter to include with your request.  We would be happy to assist you with with any aspect this process. Once you request a transfer, please let us know, so we can let you know when we receive it. For more information or assistance with an IRA gift, please give us a call.


John Elbare, MBA, CFP
Director of Philanthropy
Special Operations Warrior Foundation
P.O. Box 89367
Tampa, FL 33689
Phone: 813-805-9400 Mobile: 813-938-0789



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