The IRA Charitable Rollover became a permanent tax incentive when President Obama signed the Protecting Americans from Tax Hikes (PATH) Act into law on December 18, 2015. The House and Senate each approved the law that same week. The PATH Act also includes permanent reinstatement and extension of several other charitable giving incentives that support nonprofits.

The IRA Charitable Rollover allows donors age 70 1/2 and older to make contributions of up to $100,000 directly from their IRA accounts to a nonprofit organization. This has been an important source of support for many nonprofit arts organizations.

This giving incentive has been through a cycle of reinstatement and expiration in recent years; it most recently expired on January 1, 2015. Almost a year later, it is a victory to see the IRA Charitable Rollover made permanent in the PATH Act.  PAA has advocated with Independent Sector on this policy issue, and we thank the many arts advocates who participated in our calls to action to speak up to their lawmakers. Your voice has made a difference!