Emphasis on Planned Giving

 

Did you know that your IRA can now be rolled over as a charitable gift? The law that allows you to make a tax-free gift from your individual retirement account directly to charity has been reinstated and made permanent! Known as the IRA charitable rollover, this law no longer has an expiration date so you are free to make annual gifts to The Rotary Foundation from your IRA this year and well into the future. The recently reinstated law allows individuals 701/2 and older the ability to transfer up to $100,000 from their IRAs directly to a qualified charitable organization without being subject to federal taxes on that distribution.

 

Are you eligible? You must be 70 1/2 or older at the time of the gift; You may transfer up to $100,000 from your IRA. This law applies only to IRAs; you may transfer outright to one or more qualified charities; and the legislation does no permit transfers to charitable trusts, donor advised funds, charitable gift annuities nor supporting organizations. An IRA charitable rollover gift can satisfy all or part of your minimum distribution requirement, and is a great way to meet your Paul Harris Society goal through a gift to the annual fund.

 

For more information go to www.rotary.org/foundation.