Great news! The IRA Charitable Rollover is now permanent!
This is wonderful news for all those aged 70 ½ and older who are required to take minimum distributions from their IRA accounts and may want to use those funds to make a charitable gift, thereby avoiding increased taxes.
To take advantage of this opportunity for 2016, here are some things you need to know about the IRA Charitable Rollover:
For 2016 and beyond, since this is now a permanent law, you will be better able to plan your gifts to Grand Valley State University throughout the year from both a tax and philanthropic perspective. If you have questions regarding distributions to Grand Valley, please email Gina Bovee at firstname.lastname@example.org or call her at (616) 331-6534.
The IRA Charitable Rollover is an opportunity for you to invest in the future of Grand Valley while being able to take advantage of the tax benefits. Consult with your personal financial or legal advisors to determine if the IRA Charitable Rollover would benefit you and your philanthropic goals.