Rollover Beethoven and Tell
Your Donors the News!
By Karen Davenport
By now you've heard that the IRA charitable rollover has been extended through the end of 2013. Once again, individuals can make a gift to a non-profit and exclude the distributed amount from their taxable income. This is great news for older donors who wish to support their favorite charities! The extension keeps in place all of the previous requirements in order for the transfer to qualify:
*Donor must be 701/2 or better.
*The transfer must be made directly from the IRA administrator to the charity.
*The total gifts distributed from the IRA cannot exceed $100,000 per person.
* Only outright gifts may be made; the gift may not fund a charitable gift annuity or a charitable remainder trust.
* No goods or services can be given in exchange for the gift.
*The gift cannot be made to a donor advised fund or a supporting organization.
At the end of 2010, IRAs and qualified retirement plans held nearly $17.5 trillion, representing approximately 37% of all household financial assets. And because of how lifetime minimum required distributions are calculated, IRAs and qualified retirement plans may be the largest assets held at death.
Learn more about gifts from Individual Retirement Accounts
. . . And how to present this topic to your donors!
Join us for a FREE webinar
"It's Back! The IRA Charitable Rollover"
Wednesday, February 20, 2013
At 10AM (EST)
Join us for a complimentary 30-minute webinar that describes a popular tax-law provision, known as the IRA Charitable Rollover, recently resurrected by congress. We'll explain the current provisions of the rule and why it is so attractive to individuals who are age 70½ or better! What's more we will provide you with suggestions on how to communicate with your donors the benefits of IRA Charitable Rollover and why they should consider a gift during 2013 while this provision is certain to be in effect.
Space is limited! Click here to send an email and reserve your spot today.
