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 firstname.lastname@example.org with any questions.