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IRA Charitable Rollover Law
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2007 TAX ALERT
IRA Charitable Rollover
Law expires at the end of 2007
Federal Legislation Allows Tax-Free
IRA Rollover Gifts to Charity
Enhanced ability to make Increased Gifts to De La Salle Institute
for the remainder of 2007 only
Anyone age 70 ½ and older can make an IRA rollover gift to De La Salle Institute of up to $100,000. (There is no IRA withdrawal tax and no charitable deduction for these kinds of gifts.)
This law expires on December 31, 2007. Until then, you can directly rollover your IRA funds – tax free – as a gift to De La Salle Institute. Simply contact your IRA fund Administrator for the applicable rollover forms.
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