Charitable Giving
Donors 70 ½ and older have a new option for charitable giving
A provision in the Pension Protection Act of 2006, signed by President Bush on Aug. 17, 2006, allows people 70 ½ and older to transfer IRA assets directly to a charity.
By going directly to charity, the money is not included in the IRA owner’s income and is not taxed, preserving the full amount for charitable donations. The law covers gifts of up to $100,000. At the time of this writing, the deadline for making these transactions is Dec. 31, 2007.
The transfer counts toward the minimum required distributions. The gift generates neither taxable income nor a tax deduction, so even those who do not itemize their tax returns receive the benefit.
For more information about how a donation from your IRA can benefit Willamette Valley Hospice, Linda Hays, Community Development Manager, 503.588.3600 ext. 283.
Click here to find out more.
Giving with Intention -- Planned Gifts
A planned gift to Willamette Valley Hospice helps to ensure the future of the services and programs we provide in your community and may further your financial goals.
Planned giving include gifts through your:
- Will or bequest
- Charitable gift annuities
- Charitable trusts
- In-kind donations - such as art, jewelry or collectibles
For more information on how you can support please call Willamette Valley Hospice's Community Development department at 503.588.3600 or 800.555.2431 or consult your legal advisor or financial professional.
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