IRA Charitable Rollover

Would you like the opportunity to support the AMA Foundation with out any out-of-pocket costs and save on your taxes? If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals.

Benefits of an IRA charitable rollover

  • Avoid taxes on transfers of up to $100,000 from your IRA to the Academy of Model Aeronautics Foundation
  • 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 gifts
  • Help further the work and mission of Academy of Model Aeronautics Foundation

How an IRA charitable rollover gift works

  1. Contact your IRA plan administrator to make a gift from your IRA to us.
  2. Your IRA funds will be directly transferred to our organization to help continue our important work.
  3. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
  4. If you would like to designate a certain fund or program that is important to you, please contact Kelsie Walker at kelsiew@modelaircraft.org to ensure your gift is earmarked.