Tax-Free IRA Charitable Distributions
Extended by congress on Dec. 17, 2010, the IRA Charitable rollover provision allows your clients, ages 701/2 and older, to make IRA charitable distributions up to $100,000 tax free through Dec. 31, 2011.
There are many types of funds at the Fairfield County Community Foundation eligible for this tax-free provision which allow your clients to make a local, meaningful gift.
Clients can name their own fund or give to an existing fund
Your clients can transfer up to $100,000 from their IRA tax-free through Dec. 31, 2011 to any of the following types funds at the Fairfield County Community Foundation:
They can establish and name their own fund, or leverage their gift by making a contribution to an existing fund and joining others to increase the impact.
Information on the IRA Charitable Rollover provisions
The following document provides information on the new IRA Charitable Rollover extension and how it can help your clients.
Charitable IRA Distribution Fact Sheet
For more information on the many giving option available to your clients through the Fairfield County Community Foundation, contact Juanita T. James, President & CEO, at 203.750.3200.
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