Gift Planning
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Make a Gift From My IRA

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IRA Charitable Rollover

You may be looking for a way to make a big difference to help further our mission. If you are 70½ or older, you may also be interested in a way to lower the income and taxes from your IRA withdrawals. An IRA charitable rollover is a way you can help continue our work and that of the institutions we support as well as benefit yourself this year.

Flowchart: Donor directs IRA custodian to make an IRA charitable rollover gift to MNMF.

Benefits of an IRA charitable rollover

  • Avoid taxes on transfers of up to $105,000 from your IRA to the Museum of New Mexico Foundation and designated to the institutions we support.
  • May satisfy your required minimum distribution (RMD) for the year.
  • Reduce your taxable income, even if you do not itemize deductions.
  • Make a gift that is not subject to the deduction limits on charitable gifts.
  • Help further the work and mission of the Foundation and that of the institutions we support.

How an IRA charitable rollover gift works

  1. Contact your IRA plan administrator to make a gift from your IRA to the Museum of New Mexico Foundation and designated to one or more of the institutions we support.
  2. Your IRA funds will be directly transferred to the Foundation to help continue our important work and that of the institutions we support.
  3. Please note that IRA charitable rollover gifts do not qualify for a charitable deduction.
  4. Please contact us if you wish for your gift to be used for a specific purpose.

Gifts from your IRA

If you are 70½ or older, you can use your IRA to fulfill your charitable goals. You can use the "Make a Gift from My IRA" tool to contact your IRA custodian and make a qualified charitable distribution. We will acknowledge your generous gifts as a qualified charitable distribution, which may satisfy your RMD, if applicable.

Contact us

If you have any questions about an IRA charitable rollover gift, please contact us. We would be happy to assist you and answer any questions you might have.

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Our Mission

The Museum of New Mexico Foundation supports the Museum of New Mexico system, in collaboration with the Museum of New Mexico Board of Regents and the New Mexico Department of Cultural Affairs. The Foundation's principal activities are fund development for exhibitions and education programs, retail and licensing programs, financial management, advocacy and special initiatives.