Royal Family KIDS & For the Children Foundation invites you to check out this Legacy Giving opportunity!
The President has just signed HR 5771 into law. This law includes a one year extension of expired tax provisions retroactive to January 1, 2014, including a reauthorization of the IRA charitable rollover through December 31, 2014. Donors age 70 1/2 and older may now transfer up to $100,000 from their IRA to a qualified public charity. The transfer is not subject to federal income tax and qualifies for the donor’s 2014 required minimum distribution (RMD).Don’t delay! You will need to act right away if you wish to receive IRA rollover gifts from your donors by the December 31 deadline.