Thanks to the IRA Charitable Rollover, you can donate up to $100,000 directly from your IRA to The Museum of Flight without having to pay income taxes, because we are a qualifying nonprofit with tax-exempt status. The IRA transfer generates neither taxable income nor a tax deduction, so you still benefit even if you do not itemize your tax deductions. An IRA can be one of the best assets to use as a gifting source during your lifetime.

Instructions & Requirements

  • If you have not taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.
  • It is important to not withdraw funds prior to your gift, but instead to have the gift amount distributed directly from your IRA to your favorite charities.
  • If you have check-writing privileges on your IRA accounts, this may be the most efficient way to make gifts directly from your IRA.
  • The transfer may be made in addition to any other charitable giving you have planned.
  • You need to provide your IRA administrator with our instruction form.

Download IRA Administrator Instruction Form

Some things to keep in mind...

  • If you’re 59 ½, or older, you can take a distribution from your IRA at any time, without penalty. However, you’ll have to report the distribution on your tax return.
  • When you turn 70 ½, you must take a distribution each year thereafter. Name the Museum on your beneficiary designation form. By leaving a percentage of your IRA to the Museum, the remainder can pass to your family or friends.
    • Plus, if you name The Museum of Flight as an IRA beneficiary and you notify us, you qualify to join the Legacy Challenge which will trigger a $5,000 gift to be given in your honor to the Museum and the area of your choice.

Legacy Challenge

For more information on the Legacy Challenge, contact Sandie Dolese at 206-768-7199 or email.