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Celebrate with us, a victory for you and your donors! In a historic vote, Congress passed the IRA Charitable Rollover into permanent law, making it available to donors and charities for the foreseeable future. Until now, charitable “tax extenders” had to be reinstated each year, now they are a permanent part of our tax code.
The law allows individuals age 70 ½ and older to transfer up to $100,000 from their individual retirement accounts to a qualified charitable organization without being subject to income taxes on the distribution any giving tax year.
This is effective immediately and can be taken advantage of in 2015, but you have to act before year-end, before 12/31/15!
LAPA suggest that you immediately, today, send a version of this email and a postcard to your donors age 70 ½ (we hope you have their birthdates!).
Here are the Specifics:
Gifts must be made by Dec. 31, 2015.
If you’d like to learn more, watch this video by Tony Martignetti, Esq., of Tony Martignetti Nonprofit Radio.