IRA Contributions

The IRA Charitable Rollover was signed into law in December 2015 and is now permanent, allowing you to plan your charitable giving and providing a method to support your Reno Phil.

The charitable IRA distribution allows taxpayers who are 70 1/2 years or older to make tax-free distributions of up to $100,000 per year from a Traditional IRA or Roth IRA (other retirement plans do not apply) directly to the charity.

IRA Gift Rules/Requirements

    • You must be 70 1/2 years or older
    • Money must be transferred directly to the Reno Phil
    • Individuals may contribute up to $100,000 per year
    • No good or services may be received for the donation
    • You do not realize any taxable income on the transfer, and you cannot claim an income tax deduction for the gift

How to Make a Gift

    • Consult your financial advisor to make a direct distribution to the Reno Philharmonic Association. A letter of instruction with sample language is available here.
    • Instruct your advisor to send the distribution check to the following address:

Reno Philharmonic Association
925 Riverside Drive, Suite 3
Reno, NV 89503

    • Instruct your IRA advisor to identify you as the IRA account owner/donor by including your name and address on its cover letter.
    • Notify the Reno Phil when you make a rollover gift. Contact information below.

The Reno Phil is a registered 501 (c)(3) nonprofit organization in Nevada. Tax ID# 94-2762076
Questions? Email Michael Hicks, Director of Development, or call (775) 323-6393.