The IRA Charitable Rollover has been extended!

Make the Most of Your IRA

In October of 2008, Congress enacted legislation that allows gifts to be made

directly from your IRA or Roth IRA to Stetson University and other public charities.

Some highlights include:

-          Qualified charitable distributions made directly to a public charity from your IRA or Roth IRA have been approved for calendar years 2008 and 2009,

-          You must be 70 ½ years of age or older at the time the distribution is made,

-          A maximum of $100,000 per person per year may be transferred from your IRA or Roth IRA to charity,

-          Gifts made in this way are not eligible for a charitable income tax deduction.  

However, the qualified distributions are not included in the donor’s taxable income, thus simplifying the donor’s tax return and saving some tax.

As you consider ways to support the university with this special provision, please contact your plan administrator for instructions on making gifts from your IRA or Roth IRA.  It is usually as easy as completing a single form.

Please feel free to contact Stetson’s Office of Planned giving at 386-822-7461 or via e-mail at plannedgiving@stetson.edu, with any questions or to request additional information about this exciting opportunity.  In addition, helpful information is available on this Web site.

As always, consult your tax professional for advice regarding ways in which this legislation can be most beneficial to you.           

Click here to continue to the Planned Giving Home Page