IRA charitable rollover provision extended

President Bush signed an extension of the IRA charitable rollover provision through December 31, 2009. The provision permits individuals to roll over up to $100,000 from an individual retirement account (IRA) directly to a charity without recognizing the assets transferred to the qualifying charity as income.

For more information about making an IRA rollover gift to TLC, contact Aime Mitchell at 833-3662 x116 or amitchell@triangleland.org.

The Council on Foundations, a nonprofit membership association of more than 2,100 grantmaking foundations and corporations, offers a Q&A format discussion of the IRA charitable rollover provisions.

The complexities of Federal tax law preclude our being able to cover them in any great detail. You will need to consult your personal accountant, tax attorney, or financial advisor about qualifying for and using any tax benefits because TLC does not provide tax advice.

Copyright © 2006-2008, Triangle Land Conservancy Last updated on 12/02/2008.