Your 2010 year-end giving can now include January 2011!
A new tax act, signed into law in late December, extends the provision for those over 70-and-a-half to make a gift up to $100,000 to a charity of their choice, directly from their qualified retirement plans. Donations received as late as January 31, 2011 will apply to the 2010 tax year.
Individuals can make these charitable distributions from a traditional or Roth IRA. In some cases couples could direct IRA gifts up to $400,000 between now and the end of 2011 by fully utilizing both their 2010 and 2011 extensions.
With this new tax incentive, please consider a gift to SFCASA! Contact us at email@example.com if you have any questions.