 |
 |
|
Overview Case Studies Biblical Perspective What Do Other People Do? Secrets of Giving Wisely How to Get Started Your Estate Planning Primer |
   |
IRA Rollover Extension:
On October 3, 2008, President Bush signed into law the Emergency Economic Stabilization Act of 2008, which includes an extension of the IRA Charitable Rollover. The extension is retroactive, applying to distributions made throughout 2008 and 2009. Individuals age 70 ½ can now, once again, make charitable gifts directly from their IRA accounts. The gifts are limited to a maximum of $100,000 in each year, and must be made directly to a charitable organization (gifts to donor advised funds and charitable trusts do not qualify). For donors that meet the qualifications of this legislation, this gift is accomplished without triggering any federal or state income taxes.
Making a gift utilizing the IRA provision is simple, but there are some important details that must be carefully considered. For help in making a gift, please submit the form below and our partners at PhilanthroCorp (a Christ-centered estate planning firm) will contact you.
Alternatively, if you would just like to view some helpful hints for making an IRA gift, (click here).