IRA Rollover

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At the end of 2015, Congress acted to make the IRA rollover a permanent opportunity so that donors can now make a gift to charity directly, without paying tax on their IRA withdrawal. If you are 70 ½ years of age or older, you can make a rollover contribution from your Individual Retirement Account (IRA), up to a maximum of $100,000 each year, to a qualified charity like Family Service Agency.

The Benefits of an IRA Rollover are:

  • The transfer does not generate taxable income nor a tax deduction, so even if you do not itemize your tax deductions on your IRS tax forms, you still benefit.
  • By making an IRA transfer to Family Service Agency, you are removing this asset from future estate taxation.

Simply call your IRA custodian to request that a distribution be made directly to Family Service Agency to support our programs and services for families, children and seniors in need.  If you have any questions, or would like to direct your IRA gift to a specific program, please call the FSA Development Office at 805-965-1001, ext. 267.  We would also appreciate you notifying us by letter or email at dhinkle@fsacares.org   to expect your IRA transfer.