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Wednesday, December 17, 2014

IRA Charitable Rollover Passed Yesterday

From an email from Crescendo Interactive....

On December 16, the Senate passed HR 5771 which included a one year extension of expired tax provisions retroactive to January 1, 2014. This reauthorizes the IRA charitable rollover through December 31, 2014. Donors age 70 1/2 and older may transfer up to $100,000 from their IRA to a qualified public charity. The transfer will be made free of federal income tax and the gift qualifies for the donor's 2014 required minimum distribution (RMD).

Because your window of opportunity is short for marketing IRA rollover gifts, we recommend that you contact by phone and/or email anyone who has made an IRA rollover gift in the past or expressed interest this year. Keep in mind that it often takes IRA administrators several weeks to process rollover transactions. In order to complete the gift by year end, your donors will need to contact their administrators right away.

Contact them if you are in need of marketing assistance.

"Crescendo Interactive, Inc." <crescendo@cresmail.com>

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