Make a Charitable Gift in 2010 and 2011 with your I.R.A.

On December 17th, the President signed the Tax Relief Act, which included the IRA Charitable Rollover. This bill restores the IRA Charitable Rollover for 2010 and permits its use in all of 2011.

If you own an IRA and are over age 70½, you may transfer up to $100,000 directly from your IRA to the Wayne State Foundation because we are a qualified charity.

A very important potential 2010 benefit exists. Because Congress passed the bill very late in the year, individuals who choose to make a qualified charitable distribution (QCD) rollover from their IRA to a charity may make their 2010 charitable gift up until January 31, 2011.

We recommend that you contact your IRA Custodian and your financial advisor for more information regarding your specific details on this tax wise way to make charitable gifts. Distributions to the Wayne State Foundation must come directly from your IRA Custodian.

For more information, contact:

Kevin Armstrong
Director of Planned Giving
402-375-7534
Kearmst1@wsc.edu