On December 18th, President Obama signed legislation which permanently extends the tax-free IRA charitble rollover. This important law now allows individuals, age 701/2 or older, to contribute any amount up to $100,000 directly from an individual retirement account (IRA) to one or more charitable organizations tax-free. This distribution would not produce an upfront income tax deduction but would not be included in the IRA owner's taxable income. Any distribution also fulfills some or all of any required minimum distribution without increasing taxable income.
The best news, of course, is that this legislation never expires and is retroactive to January 1st, 2015. This means that if you made a charitable gift from your IRA in 2015, you would not have to report this distribution as taxable income. You also have time to make a 2015 IRA gift until December 31st and again at any time in 2016.