IRA Rollover Donations

IRA Charitable Rollover 2012/2013IRA Rollover Provision Extended through 2013!

With the passage of the American Taxpayer Relief Act of 2012, the provision for Qualified Charitable Contributions from an IRA has been extended to the end of calendar year 2013.

This rollover provision allows individuals 70-½ and older to withdraw funds from their qualified IRA accounts and donate it tax-free to a qualified charity.

The provision, which previously expired December 31, 2011, was extended through December 31, 2013.

Listed below are the basic guidelines of the provision:

  1. The donor must be age 70-½ or older.
  2. The charitable donation must be distributed directly from a traditional or Roth IRA.
  3. $100,000 is the annual rollover maximum.
  4. All IRA rollovers must be made by Dec. 31, 2013.

This is a great opportunity to support work of the Priestly Fraternity of St. Peter via a tax-free direct rollover from your IRA. For more information, or to arrange a donation via an IRA rollover, please contact Mr. Jerry Getz in the Fraternity Business Department at (570) 842-4000 ext. 202.

Please consult with your tax adviser or investment manager if you are considering an IRA rollover.

One response to “IRA Rollover Donations”

  1. Charitable IRA Rollover Contributions Extended to 2013: North American District of the FSSP

    [...] With the passage of the American Taxpayer Relief Act of 2012, the provision for Qualified Charitable Contributions from an IRA has been extended to the end of calendar year 2013. Visit our IRA Rollover page for all of the details. [...]

Keep The Faith

THIS WEEK’S TALK
Early Christianity and Late Antiquity Pt. 5: Development of Theology Pt. 1
Dr. John Rao, Roman Forum, 1993

Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.

A New Talk Every Monday
Missed a talk? View previous talks.