Donors who are 70½ years of age or older need to start taking annual required minimum distributions from their IRA accounts, incurring tax liability on income they often do not need and would prefer to avoid. The current law permits individuals to transfer up to $100,000 per year from their IRAs to a qualified charity, all of which can count towards the required minimum distribution a donor would otherwise be required to take with none of the concomitant income tax liability attaching thereto.