New Legislation Would Help Charities
The Public Good IRA Rollover Act would make the IRA rollover provision permanent. It also would allow donors age 59½ or older to make contributions tax free from their IRAs to a charitable remainder trust, pooled income gift or charitable gift annuity. In addition, gifts could be made through the IRA rollover to donor-advised funds, supporting organizations and private foundations.
We'll keep you posted on this bill which was just introduced in both the House and Senate this week.