Tax Free IRA Transfers

ALERT: Charitable IRA Rollover legislation now permanent

Under recent federal legislation, taxpayers age 70½ or older can make transfers from their qualifying Individual Retirement Account (IRA) to Boston Children’s Hospital, tax free! (Please review eligibility guidelines below.)

Want to make a tax-free distribution from your IRA to Boston Children’s Hospital? You can! Simply contact your IRA administrator to request that a charitable distribution be transferred to Boston Children's. If your plan requires this request in writing, use our sample letter.

Benefits

  • Avoid federal and, in many cases, state income taxes.
  • Satisfy your required minimum distribution.
  • Provide critical support for Boston Children’s Hospital.
  • Designate your gift to support the program or department that is most meaningful to you.

Guidelines for charitable IRA rollover gifts

  • You must be at least 70½ years of age when the gift is made.
  • Transfers from traditional IRAs or Roth IRAs are eligible.
  • Transfers must be made directly by the IRA administrator to Boston Children's.
  • A maximum of $100,000 per taxpayer, per year qualifies for the tax-free status.
  • IRA rollover gifts can be used to pay a pledge.
  • Contributions for life income gifts, such as charitable gift annuities or charitable remainder trusts, do not qualify.
  • Transfers must be made by December 31 to qualify for the current tax year.

Steps to make a Charitable IRA Rollover gift to Boston Children’s Hospital

  • Contact your IRA administrator to request that a charitable distribution be transferred to Boston Children’s Hospital or use our sample letter.
  • To ensure your gift is properly recognized, instruct your IRA administrator to indicate the donor’s name on the check and specify the gift is a charitable IRA distribution.
  • Inform us of the designation of your gift by contacting Laureen Cahalane, Senior Director, Principal and Planned Gifts, at 671-355-8062 or laureen.cahalane@chtrust.org.

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