Paul L. Caron

Sunday, January 28, 2007

WSJ: Charities Love IRA Rollovers

Interesting article in the Weekend Wall Street Journal:  Charities Love IRA Rollovers; Groups Push for Permanent Expansion of New Law, by Arden Dale:

Seniors have until the end of the year to take advantage of a new way to make charitable gifts:

  • People 70½ or older can roll over up to $100,000 a year from their IRAs to charities, but the provision expires at the end of 2007
  • Charities report a slew of new donations from IRAs since the provision was signed into law in August
  • Some nonprofit groups are pushing to make the provision permanent and extend its reach

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