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The Community Foundation of Lorain County is dedicated to enriching the lives of those living and working in Lorain County, Ohio.

IRA Charitable Rollover Made Permanent


For more information, contact:
Lisa Rupple, communications coordinator
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Office 440.984.7390

On December 19, 2015, the President signed the PATH Act (Protecting Americans from Tax Hikes) making the IRA Charitable Rollover and two other charitable giving incentives permanent law.

This allows seniors to make the gift of a lifetime, tax-free, by donating from their individual retirement account (IRA).

1. The bill makes the IRA rollover retroactive to December 31, 2014.
2. The bill makes the IRA rollover permanent.
3. Donors will be able to better manage their income as well as their charitable giving. Gifts transferred directly from a donor's IRA to a 501(c)(3) nonprofit at any point during 2015 will qualify as a rollover gift.
4. These gifts (up to the $100,000 limit) are both tax-exempt and the amount of a rollover gift can be used to meet the donor's required minimum distribution.

IRA Rollover Details:
• Age 70 ½ or older on date of gift
• Must be a direct transfer to the charity
• Permits charitable gifts of up to $100K per person. If married, each spouse can transfer up to $100,000 from his/her IRA.
• Counts as required minimum distribution
• No federal or state income tax today, or in the future
• Traditional or Roth IRAs only
• Excludes gifts to Donor Advised Funds and Supporting Organizations

For more information, contact Danielle Locke, CAP®, MPA, Advancement Officer, at 440.984.7390 or email This email address is being protected from spambots. You need JavaScript enabled to view it..

We believe access to the CFLC should be fair, inclusive, and equitable.

We work to mobilize individuals to become active partners in building a better community.

We exercise and promote leadership in meeting the changing needs and opportunities in the community.

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Through our efforts, the Foundation seeks to improve the quality of life and to instill a greater sense of unity in Lorain County.

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We believe the perpetuity of our efforts are linked to sustainable practices.

We believe in purposeful and collaborative community leadership.

We value community, which we define as putting self aside for the betterment of the whole.

We provide a permanent instrument for receiving and managing charitable gifts and bequests.

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We support innovative programs and act as a catalyst in identifying problems and sharing information with individuals, other foundations, and corporations.