Charitable IRA Rollover — Deadline January 31st

piggy-bankPassed on January 1, 2013, the American Taxpayer Relief Act of 2012 renewed charitable giving from individual retirement accounts (IRAs) for those 70-and-a-half or older.

By taking advantage of this opportunity in support of N Street Village — you will ensure that every woman who walks through our doors this year is offered care and compassion.

Some important information:

  • You must be at least 70 1/2 years old on the date of gift.
  • You have until January 31, 2013 to make a direct distribution to N Street Village from your IRA, and it will be applied towards your 2012 charitable IRA distribution.
  • The IRA must be a traditional or Roth
  • Maximum $100,000 per donor per year in qualified charitable distributions
  • The distribution must come directly from IRA to N Street Village.
  • The full value of the gift would be eligible for an income tax charitable deduction if it were not a qualified charitable distribution

We encourage you to take advantage of this immediate-cash planned gift.  You can learn more on the IRS website or by speaking with your financial adviser.