IRA Rollover and Retirement Accounts
IRA Qualified Charitable Distributions
On Friday, December 18, 2015, Congress passed the PATH Act making the IRA Qualified Charitable Distribution and two other charitable giving incentives permanent law.
What does this mean for our donors?
The IRA Qualified Charitable Distribution provision allows individuals who have reached age 70½ to donate up to $100,000 to charitable organizations directly from their Individual Retirement Account (IRA), without treating the distribution as taxable income.
We are ready to help you with your IRA Charitable Rollover as a gift into a designated, area-of-interest, or unrestricted charitable fund.
Donors can also name LVCF as a full or partial beneficiary of their IRA, retirement fund or any financial account. Such a gift provides income and estate tax benefits and helps maximize bequests to your family.
ASK ERIKA | Ask me how the Community Foundation can help you and your clients create a lasting legacy and make a difference in the community....
Erika Riddle Petrozelli, CPA
Chief Executive Officer
840 West Hamilton Street, Suite 310, Allentown, PA 18101
610 351-5353 Ext. 13 | Erika@lvcfoundation.org