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Pension Protection Act: IRA Rollover Provides New Option for Society Supporters.
The recently adopted Pension Protection Act has incorporated a package of charitable giving incentives including an IRA rollover provision. If you are 70 ½ or older, you can still take a distribution from your IRA (up to $100,000) and transfer it directly to a qualifying charity (such as the Wisconsin Historical Foundation) without having to count the distribution as taxable income.
Gifts transferred from IRAs may be given in addition to any other charitable giving that has already been planned. You do not have to give up annual giving to take advantage of this opportunity.
For more information on this giving option, which continues through December 31, 2007, contact Jeanne Engle, Director of Development, at (608) 264-6580 or via email.
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