IRA Rollover | Chrysalis

IRA Rollover

Rollover Your IRA for Good

The charitable IRA rollover, or qualified charitable distribution (QCD), is a special rule that allows folks aged 70 1/2 and older to give money from their IRA to charities, like Chrysalis, without it being taxed as income. This way, you can meet your required minimum distribution while benefiting Chrysalis!

Benefits of an IRA Charitable Rollover

  • Avoid taxes on transfers of up to $100,000 from your IRA to our organization

  • Satisfy your required minimum distribution (RMD) for the year

  • Reduce your taxable income, even if you do not itemize deductions

  • Make a gift that is not subject to the deduction limits on charitable contributions

  • Help further the work and mission of our organization

How To Give from Your IRA 

 

Contact your IRA plan administrator and let them know you want to make a charitable gift from your IRA to Chrysalis
Your IRA funds will be directly transferred to our organization to help continue our important work
Because financial institutions often omit the donor's name in paperwork, please let us know to expect your gift

For more information, call (310) 401-9387 or email Development@ChangeLives.org.

 

Frequently Asked Questions

Chrysalis must receive your gift by Dec. 31 for your donation to qualify for the current calendar year. If you have check-writing features on your IRA, please be aware that your check must clear your account by Dec. 31 to count toward your required minimum distribution for the calendar year.

Yes. You can honor your gift pledge to Chrysalis with one or more qualified charitable IRA rollover transfers. You can direct your IRA provider to transfer your charitable gift to Chrysalis quarterly, annually, or other timing that works for you. Please let our staff know which financial institution will send your gift and when to expect it.  We can be reached at (310) 401-9387 or Development@ChangeLives.org. 

Yes. The current law extends the charitable IRA rollover provision indefinitely – with no expiration date – allowing individuals to make qualifying gifts every tax year. 

Absolutely! Whether or not you choose to make a charitable IRA rollover gift, you can still designate Chrysalis as a beneficiary to receive IRA assets after your lifetime. The lifetime charitable IRA rollover is simply another option for donors who would like to see their philanthropy at work now.

For more information, please contact us at (310) 401-9387 or Development@ChangeLives.org.