On December 19, President Obama signed the IRA charitable rollover into law for 2014. This law allows individuals 70 1/2 years of age and older to transfer up to $100,000 from their individual retirement accounts (IRA) to a qualified charitable organization without being subject to income taxes on their distribution during 2014.

Requirements and restrictions for making an IRA charitable rollover gift:

+ Donors must be 70 ½ years of age or older.
+ Donors can transfer up to $100,000 from their IRAs directly to a qualified charity.
+ Donors pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so donors benefit even if they do not itemize their tax deductions.
+ The gift can satisfy all or part of donors’ required minimum distributions for the year.
+ If donors made a gift of up to $100,000 from their IRAs anytime in 2014, the gift will qualify under the law.

Donors who have not yet made such a gift but would like to take advantage of this opportunity to support St. Anthony Shrine & Ministry Center, must contact their IRA administrators right away. Gifts must be made by Dec. 31, 2014. Please contact Maryanne Rooney-Hegan, Director of Development, with any questions.

Making a Gift

Please contact our IRA plan administrator promptly to direct a charitable distribution to St. Anthony Shrine & Ministry Center. The deadline is December 31, for the 2014 tax year.

Checks should be sent to:
St. Anthony Shrine & Ministry Center
Development Office
100 Arch Street
Boston, MA 02110 
617- 542-6440 – Extension 115

Thank you for making a difference in the lives of all those whom we serve.