IRA Charitable Rollover

 
The IRA Charitable Rollover was signed into law in December 2015 and is now permanent, allowing you to plan your charitable giving and use your required distribution as a tax-free transfer to the Seattle Symphony or other qualified charities.


Benefits of Donating Through Your IRA

Donating to the Seattle Symphony directly from your IRA is both convenient and a tax-wise way to support the music you love. If you are 70½ years or older and required to take a minimum distribution (RMD), you can now transfer a gift (up to $100,000 annually) directly to the Symphony, have it count as all or part of your Required Minimum Distribution, and recognize no taxable income on the transfer.


How to Initiate a Gift Through Your IRA

You may make a charitable rollover gift by instructing your plan administrator to directly transfer a gift to the Seattle Symphony. A letter of instruction with sample language is available here.


Please notify the Symphony when you make a Rollover Gift

IRA gifts received by the Symphony may arrive without your name and contact information. Please notify Donor Relations that you have made your gift at friends@seattlesymphony.org or call 206.215.4832.


IRA gift rules and requirements

  • You must be 70½ years of age on the date of the gift
  • Funds must be transferred directly to the Seattle Symphony or other charity from your IRA
  • Up to $100,000 per individual may be contributed per year
  • You do not realize any taxable income on the transfer, and you cannot claim an income tax deduction for the gift
  • No goods or services may be received for the donation*

*If you currently enjoy donor benefits, please contact us to learn about which donor benefits you are eligible to receive when you give through your IRA.


Please consult your financial advisor to determine how donating through your retirement fund applies to your specific situation.


Questions? Contact Director of Major Gifts and Planned Giving Becky Kowals at becky.kowals@seattlesymphony.org or 206.215.4852.

Thank you for your support of the Seattle Symphony!
The Seattle Symphony is a registered 501(c)(3) nonprofit organization. Tax ID# 91-0667412.

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