IRA Charitable Rollover Information

IRA Rollover Update: In 2015, Congress enacted a permanent extension of the IRA charitable rollover. As a result, individuals age 70½ or older can make gifts directly from their IRA to charity in 2015, 2016 and beyond.

You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and benefit this year.

Benefits of an IRA charitable rollover

Avoid taxes on transfers of up to $100,000 from your IRA to your public library
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 50% deduction limits on charitable gifts
Help further the work and mission of your library

How an IRA charitable rollover gift works

Contact your IRA plan administrator to make a gift from your IRA to the library.
Your IRA funds will be directly transferred to the library to help continue services and programs.
Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
Please contact us if you wish for your gift to be used for a specific purpose.

How to make an IRA rollover gift to benefit the library

To make an IRA charitable rollover gift to the library, simply contact your IRA custodian and request that an amount be transferred directly to the Elisha D. Smith Public Library. Your gift can be cash or stock in any amount up to $100,000.

If you are gifting cash, direct your custodian to make your gift to
Elisha D. Smith Public Library
440 1st Street
Menasha, WI  54952
Federal Tax ID # 39 - 6005525

If you are gifting stock, direct your custodian to transfer the stock to our account at:
The Community Foundation for the Fox Valley Region
4455 W Lawrence St.
Appleton, WI 54914
920.830.1290

If you have any questions, please do not hesitate to contact us at 920.967.3662.
Thank you for supporting your public library!