Federal law allows a taxpayer 70.5 years old and older to make a tax neutral distribution from an IRA through the end of 2011. You may access the following documents on our webpage: (1) IRA Administrator Letter to facilitate the distribution from an IRA to the Federation and other qualifying charitable organizations. (2) FAQ for the IRA Charitable Rollover Legislation and (3) the Federation's IRS Determination Letter.
We would be pleased to assist you and/or your advisor in arranging qualifying distributions under the new law. Please contact Deborah L. Grinstein, at (330) 746-3250 x 175 for additional information. All inquiries are confidential.
This material is presented for informative purposes only and should not be construed as legal, tax or financial advice. When considering gift planning strategies, you should always consult with your own legal, tax and financial advisors.