President Signs Bill, IRA Charitable Rollover Is Back Through Dec. 31, 2014

The IRA charitable rollover has once again been renewed, but this time only for a few days—until the end of 2014!

Charitably minded taxpayers have enthusiastically embraced the IRA charitable rollover as an opportunity to transfer up to $100,000 each year to charity without it being treated as a taxable distribution. Despite its popularity since being introduced in 2006, the IRA charitable rollover has faced extinction several times and had actually expired on December 31, 2013. Now it has been reinstituted, but only until the end of 2014. The date December 31, 2014, looms as the last chance for taxpayers 70 1/2 or older to take advantage of this simple but powerful planning strategy (unless Congress intervenes again).

Senate Passes IRA Rollover, Waiting for President’s Signature

Both the House and Senate have extended, retroactively for 2014, the IRA charitable rollover and certain other charitable benefits. The legislation is now awaiting the president’s signature, which is expected this week.

Women Who Are Young, Single, and Not Religious Are Especially Generous

Young, single women with no religious affiliation were found to be more generous than expected in the newly published Women Give 2014, the latest in a series of research studies about women in philanthropy.

House Passes One-Year Extension of IRA Charitable Rollover but Senate Still Needs to Act

On Wednesday, December 3, the U.S. House of Representatives passed a one-year extension of certain tax breaks that had expired on December 31, 2013. Included in the bill is the popular IRA charitable rollover. The Senate still needs to act, so the rollover has NOT yet been passed into law.

Planned Gifts Increase Annual Gifts, Study Finds

Planned gifts, rather than cannibalizing annual giving to charity, actually trigger increases in annual gifts, according to new research that should allay the fears of some nonprofit fundraisers.