CAF America Insider Blog

Latest from Congress: IRA Charitable Rollover is Now Law

Tags: , , ,

United_States_Capitol_-_west_frontJust in time for your year-end giving, Congress has passed and the President has signed, the Protecting Americans from Tax Hikes (PATH) Act of 2015.

The Act has rendered the once temporary and subject to yearly renewal, IRA Charitable Rollover, permanent law. In line with the Act’s “Incentives for Charitable Giving” section,  US citizens over 70½ years old are able to make donations up to $100,000 per year from their IRAs without treating the distribution as taxable income.

This is great news for philanthropy as it allows those who meet this criteria to incorporate the IRA charitable rollover as a part of their long-term giving strategy.

CAF America stands ready to assist you in making your year-end donations. Having trouble deciding where or how to give? Feel free to call our office at (202)793-2232 (CAFA).

 

Tags

Archives

Join our email list »

Stay up to date on global charitable giving news & trends, read stories of philanthropy, and learn how the philanthropic landscape is changing.

Featured Story

Fighting Hunger in Colombia

A 2018 United Nations study found that food insecurity is a deadlier crisis than AIDS, malaria, and tuberculosis combined: 9 million people die each year from hunger and hunger-related diseases. Banco de Alimentos was founded in 2001 to reduce food insecurity in the Columbian capital of Bogotá. A staggering 16.4% of Colombia’s population experiences malnutrition,… CONTINUE READING >>

Read more