New legislation has extended the IRA charitable rollover — a provision that permits individuals age 70½ and older to make tax-free distributions of up to US$100,000 from an IRA directly to charity.
Donors have until 31 January to make distributions that will be treated as if they were made in 2010.
Consider an IRA charitable rollover if you are at least age 70½ and you do not need the additional income generated by the required minimum distribution, you do not itemize deductions, or you want to use unneeded assets to secure a Rotary legacy.
To make a gift to The Rotary Foundation from your IRA, download the IRA transfer forms, or contact Planned Giving at plannedgiving@rotary.org for more information.
Download the Nurture Your Rotary Dream brochure (PDF) to learn more about the IRA rollover.
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