IRA Charitable Rollover
Act now before time is up!
Giving through your Individual Retirement Account before the end of 2007 takes advantage of the Charitable IRA Rollover which permits taxpayers age 70 ½ and older to make tax-free charitable gifts totaling up to $100,000 per year from traditional IRAs and Roth IRA’s. This gift does count toward your annual IRA distribution requirement without having to count it as taxable income. PAI is an eligible charity for these gifts but contributions must be made by December 31st 2007 to take advantage of the tax benefit.
Your IRA gift must be made outright to PAI by the IRA plan administrator. Lifetime income gifts and gifts to donor-advised funds and supporting organizations do not qualify for this incentive.
To receive a brochure with more information e-mail jashley@popact.org. If you have questions, please contact your financial advisor or Michele Duryea, VP of development, at 202-557-3431.
