Last week, President Obama signed a bill that made the Individual Retirement Account (IRA) charitable rollover permanent! This tax break allows anyone 70.5 years or older to make direct gifts up to $100,000 from their IRA to a qualified charity, like FIRE, without paying income tax on the withdrawal amount. This is an excellent tax incentive that allows you to support the causes most important to you while receiving substantial tax savings.
If you would like to donate an IRA withdrawal to FIRE, please contact your IRA administrator right away, or call or email Alisha Glennon, FIRE’s Vice President of Development, at 215-717-3473 or firstname.lastname@example.org.
Time is running out to utilize this tax break for 2015! Donations for this year must be made by December 31.
The Foundation For Individual Rights in Education
170 S. Independence Mall W.
Philadelphia, PA 19106
Tax ID: 04-3467254