Charitable IRA Rollover Provision Helps Charities; Benefits Donors

December 23, 2015


On December 18, 2015 the President signed the bill retroactively reinstating the Charitable IRA Rollover provision for all of 2015 and removing any expiration date on the provision, thereby permanently extending the Rollover into the future. This law allows an individual who is 70½ or older to gift up to $100,000 from his or her IRA directly to a qualified charity such as the Nebraska Community Foundation or for the benefit of an Affiliated Fund of NCF without having to recognize the IRA distribution in taxable income.

How it Works:





  • The law allows those age 70½ and older to transfer up to $100,000 from an IRA to charity – tax free. If married, each spouse can transfer up to $100,000 from his or her IRA.

  • The gift must be made directly from the custodian of your IRA to the Nebraska Community Foundation for the benefit of your community’s or organization’s affiliated fund.

  • Your tax-free rollover gift will be excluded from your gross income.

  • Your gift can count toward your required minimum distribution.

  • Gifts to life income plans, donor-advised funds, supporting organizations and most private foundations do not qualify.

Please contact Jim Gustafson, NCF’s Director of Advancement and Gift Planning at (402) 323-7341 or at if you would like more information about making this type of gift to the Columbus Area Community Foundation Fund.

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The Columbus Area Future Fund (formerly Columbus Area Community Foundation Fund) is an affiliated fund of the Nebraska Community Foundation and strives to build a community endowment to promote local leadership development, entrepreneurship, youth engagement and community philanthropy.  Your gift will be used to advance those efforts and ensure dollars are available locally for use in determining our region’s future.

Columbus Area Community Foundation Fund logo

Contact CAFF:


P.O. Box 1734
Columbus, NE 68602

The Columbus Area Future Fund is an affiliated fund of the Nebraska Community Foundation, a registered 501(c)3 charitable non-profit corporation. 

The Columbus Area Future Fund is a founding member of the Columbus Area Philanthropy Council.

© 2017 Columbus Area Future Fund

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