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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.

Posted on Thursday, March 22 by Registered CommenterWise Owl in | Comments Off