Donors who are 70 1/2 or older can donate up to $100,000 per year from their IRA directly to a charity without paying income tax on the money. This is a significant incentive that removes the tax penalty for some donors who want to use their IRAs to fund a charitable gift. The IRA Charitable Rollover Legislation is only valid through December 2011.
Contact both your IRA administrator and your tax professional if you are considering a gift under this law. Feel free to call the OSU Foundation Gift Planning Office at 1-800-336-8217 or OSUFGiving@oregonstate.edu with any questions.
|LPI is grateful for the bequests we have received from the following friends this past year:|
|Ella C. Brauch||Sally Wilson Fish|
|Donna Halter Hablitzel||Pauline Modica|
|Arnold E. Molzon||Alice Richards|
|Helen P. Rumbel|
Last updated November 2011