Giving from Your
Individual Retirement Account
Congress approved a law, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, that makes it possible to make a charitable contribution directly from your Individual Retirement Account 2011 to a qualified charity such as the Sinsinawa Dominicans. Please consult your tax, financial, or law advisor to see how this law can benefit you.
Here are some key points:
- Offer good only through 2011
- Donor must be at least age 70½
- Gifts made through Dec. 31, 2011, will be eligible for 2011 tax benefits
- Gift can be up to $100,000 per taxpayer per year
- Either traditional or Roth IRA qualifies
- Gift must be outright and given directly to a qualifying charity
- Gift counts towards the mandatory withdrawal amount
To notify the Sinsinawa Dominicans of your gift, please contact
Sinsinawa Dominicans
Office of Development
585 County Road Z
Sinsinawa, WI 53824-9701
(608) 748-4411, ext. 273
develop@sinsinawa.org
www.sinsinawa.org
Neither the author nor this organization is engaged in rendering legal or tax advisory service. You should consult your attorney or tax advisors about the applicability of the legal principles contained in this information.