The Charitable IRA Initiative is a 501(c)(4) organization created to pursue legislation that would expand and make permanent the Charitable IRA Rollover. Following is the first of periodic reports regarding progress in achieving this objective. This report has been drafted by Conrad Teitell, pro bono counsel to the Initiative, who is leading the legislative effort. It was distributed through the Partnership for Philanthropic Planning, which is an active partner in the effort.
Showing posts with label Charitable IRA Initiative. Show all posts
Showing posts with label Charitable IRA Initiative. Show all posts
New Nonprofit Backs Permanent Charitable IRA Legislation
FOR IMMEDIATE RELEASE
March 31, 2015
(Washington, D.C.) A group of national leaders in planned giving and philanthropy have formed the Charitable IRA Initiative, a 501(c)(4) nonprofit organization with the sole purpose of encouraging members of the U.S. Congress and the president to enact permanent legislation enabling owners of IRAs to transfer their IRA assets to American charities. IRA rollovers could be outright gifts up to $100,000 per year or life-income agreements up to $500,000/year. There are no income taxes on IRA charitable rollovers.
March 31, 2015
(Washington, D.C.) A group of national leaders in planned giving and philanthropy have formed the Charitable IRA Initiative, a 501(c)(4) nonprofit organization with the sole purpose of encouraging members of the U.S. Congress and the president to enact permanent legislation enabling owners of IRAs to transfer their IRA assets to American charities. IRA rollovers could be outright gifts up to $100,000 per year or life-income agreements up to $500,000/year. There are no income taxes on IRA charitable rollovers.
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