Charitable IRA Rollover Extended

On October 3rd, President Bush signed the Emergency Economic Stabilization Act which extended the Charitable IRA Rollover provision from the Pension Protection Act that expired on 12/31/2007.

The owner of a traditional IRA may instruct their custodian to distribute directly to a public charity up to $100,000 without the distribution being taxed as income.

In other words, you can make a charitable gift from your IRA. This wonderful opportunity is extended in 2008 and in 2009.

In requesting the distribution from your IRA administrator, please include your name and address to ensure a personal “Thank You” letter from Father Joe.

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We have an increasing number of friends at Father Joe's Villages who are benefiting from our life income gifts, pooled income funds, gift annuities and other plans.

Since there are several steps in making wise and prudent gifts, Crescendo Interactive can help you understand how planned giving can be a benefit to you and to Father Joe's Villages.

 

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