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An individual age 70½ or older can make direct charitable gifts from an IRA, including required minimum distributions (RMDs), of up to $100,000 to public charities (other than donor advised funds (DAFs) and supporting organizations) and not have to report the IRA distributions as taxable income on their federal income tax return. Most private foundations (PFs) are ineligible donees, but private-operating and pass-through (conduit) foundations are. There’s no charitable deduction for the IRA distributions. However, not paying tax on otherwise taxable income is the equivalent of a charitable deduction. Tax-free distributions are for outright (direct) gifts only—not life-income gifts. A sample receipt appears at the end of this article.
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