Individuals over the age of 70½ can make charitable gifts directly from Individual Retirement Accounts (IRA) and avoid the taxes on withdrawals.
The change under the Qualified Charitable Distribution provision of the Protecting Americans from Tax Hikes Act of 2015 makes it easier for those over 70½ to plan their giving over the course of a year and to avoid paying taxes on required distributions from IRAs.
If you qualify for this for this plan, we hope you will keep SAH in mind as you plan your charitable distributions this year. We especially encourage you to consider a donation to SAH’s Buildings of the United States publishing project, which state-by-state is documenting the architecture, landscapes, and culture of the fifty states. Learn more about BUS at
sah.org/bus.
Please consult your financial advisor for rules and further information on this giving opportunity.
The Society of Architectural Historians is an Illinois-based 501(c) 3 nonprofit organization. All donations made to SAH are tax-deductible to the full extent of IRS laws.