IRA Charitable Rollover

Take Action IS letter on IRA rollover....12/14/09 Letter to House leaders from over 230 nonprofits Read Stories of How the IRA Rollover Helps People Give and Improve Their Communities Pomeroy-Herger Dear Colleague Letter ...6/24/09 (PDF) Current Law Background

URGENT - The IRA Charitable Rollover expired on December 31, 2009

Status
The IRA Charitable Rollover and several other giving incentives expired on December 31, 2009. The House of Representatives passed the Tax Extenders Act of 2009 (HR 4213) in December, but the Senate was unable to act on the legislation before adjourning for the year. The Senate could take action to reenact the IRA Charitable Rollover on a current or retroactive basis.

Take Action

• Urge your Senators today to re-enact this powerful giving incentive and to restore greater certainty for both donors and charitable organizations that rely on these gifts to expand vital programs and services in their communities.
• Find talking points and a sample letter to help you make the case.

Brief Background
The IRA Charitable Rollover allows individuals aged 70½ and older to donate up to $100,000 from their Individual Retirement Accounts (IRAs) and Roth IRAs to public charities without having to count the distributions as taxable income. Since the IRA Charitable Rollover was enacted in August 2006, older Americans have made millions of dollars of new contributions to the nonprofits -- including hospitals, museums, educational institutions, and religious organizations -- that benefit people every day.

Last updated: January 7, 2010