Inspiring People to Give Back to Sustain and Advance the Community We Love

Door County Community Foundation
Special IRA Charitable Rollover Announcement
December 18, 2015
Greetings!   

We don't normally send out emails on a Friday evening, but just hours ago, the President signed historic tax legislation which could impact your charitable giving before this year is over.

It's good news for Community Foundation donors in their 70s - and for the communities and causes they care about. The law enacted today renews and makes permanent the "IRA Charitable Rollover" - which makes it possible to give individual retirement account (IRA) assets to charity each year, free from federal tax. Prior to this new law taking effect, all lifetime distributions from IRAs were subject to taxation - even those given to charity.

As such, our donors can now give far more with less! This may be an attractive giving option for you if you are:
  • Over 70½ and now receiving minimum IRA distributions - but do not need the extra income.
  • Interested in making a significant lifetime gift to impact your community.

Using IRA assets to make a gift during your lifetime, as opposed to giving via bequest in your will, enables you to experience the joy of making a major gift.


More information is available on the Community Foundation's blog. 

We're ready to help our donors take advantage of this legislation and make gifts during their lifetimes. Our personalized service and local expertise helps donors address the issues and causes most important to them. Give us a call at (920) 746-1786 or drop me an email if we can be of service.

Warm regards,
Bret N. Bicoy
President & CEO
Door County Community Foundation
The Community Foundation's Board of Directors

Dave Eliot, Chair  ~  Polly Alberts, Vice Chair  ~  Dick Egan, Secretary  ~  Richard Hauser, Treasurer  ~  John Herlache, Past Chair

Bill Boettcher  ~  Jacinda Duffin  ~  Mike Felhofer  ~  Mark Jinkins  ~  Linda Laarman  ~  Frank Maxwell  ~  Kaaren Northrop  ~  Sally O'Brien  ~  Jeff Ottum  ~  Nancy Sargent  ~  Marcia Smith  ~  Jane Stevenson
 
Door County Community Foundation, Inc.
Mail: P.O. Box 802 Sturgeon Bay, WI 54235
Office: 342 Louisiana St. in Downtown Sturgeon Bay
(920) 746-1786    www.GiveDoorCounty.org
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