Learn About IRA Rollover Giving Options
Many Partners and friends have recently asked about the possibility of an IRA Rollover this year. The IRA Rollover law provides that, in 2008 and 2009, an owner of a traditional or Roth IRA may instruct the trustee to distribute directly to a public charity up to $100,000 without the distribution being included in taxable income, and that distribution will count toward the IRA owner’s mandatory withdrawal amount.
How does it work?
1) You must be at least 70 ½ by December 31, 2008.
2) You must request transfer directly through the fund manager to It Is Written.
3) Withdrawal is not added to taxable income, thus passing to charity tax-free.
Visit HisLegacy.com to learn more, or contact the Planned Giving and Trust Services Department with any questions at 1-800-992-2219.