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Individual Retirement Accounts

The Tax Relief Extension act of 2015 reinstated the ability to transfer up to $100,000 tax free from your IRA directly to LA Opera. Below are the rules:

  • You are 70 1/2 or older on the day of the gift
  • You transfer up to $100,000 directly from your IRA to one or more qualified charities in the tax year
  • You do not receive any goods or services in exchange for the rollover gifts
  • You make the gift by calendar year-end

Click here for a sample letter for your IRA custodian to direct the transfer.

Plan ahead: this legislation has no expiration, so you will be able to make gifts directly from your IRA every year, and please consider naming LA Opera as a remainder beneficiary of your retirement accounts.

Contact legacy@laopera.org with any questions.