Charitable IRA Rollovers

Donors who are at least 70½ years of age can take advantage of the Charitable IRA Rollover option.   

  • If you are at least age 70½, you can transfer up to $100,000 directly from your Individual Retirement Account (IRA) to Kimochi without being taxed. Your gift will also count towards your minimum required distribution.

  • To qualify, you must meet the following requirements:

    • You must be 70 ½ or older

    • The transfer must go directly from your traditional or Roth IRA to Kimochi, Inc. (401(k), 403(b) and SEPs are not eligible).

    • Your gift cannot exceed $100,000 per year

  • If you decide to contribute from your IRA to Kimochi, share Kimochi’s legal name, address and tax identification number, as follows, with your IRA administrator:

    • Kimochi, Inc. 1715 Buchanan Street, San Francisco, CA 94115

    • Tax identification number: Tax I.D. #23-7117402

  • Instruct your retirement plan administrator to make a charitable IRA rollover from your account directly to Kimochi, Inc.

  • Please let us know about your gift so we know who to acknowledge.


This information is not intended as tax or legal advice. We recommend that you consult with your legal and financial advisors to learn how a gift would work in your circumstances.

 

Thank You to Our Agency Sponsors


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For more information, please call us at (415) 931-2294 or email kimochikai@kimochi-inc.org.