Mountain States Legal Foundation Logo

Planned Giving

Forward this article to a friend   Print version   Increase font size  Decrease font size 

ACT NOW! THE IRA CHARITABLE ROLLOVER IS BACK!

President Bush signed the Emergency Economic Stabilization Act of 2008 on Oct. 3 permitting IRA charitable rollovers in 2008. If you are 70 1/2 or older, you can give up to $100,000 from your traditional or Roth IRA directly to Mountain States Legal Foundation (MSLF)! The gift will not be included in your federal taxable income. But it will count toward your mandatory withdrawal amount; however, there is NO mandatory withdrawal during 2009. Consult your personal financial advisor for the details.

To Make a Gift From Your IRA:
  1. Contact your IRA custodian immediately. It may take 2-3 weeks to make a distribution.
  2. Tell your IRA custodian to make a gift to MSLF, tax identification #84-0736725.



Copyright © Mountain States Legal, All rights reserved.

The information in this Web site is not intended as legal advice. For legal advice, please consult an attorney. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income tax include federal taxes only. Individual state taxes and/or state law may impact your results.