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Make IRA Charitable Contributions before Year End
by Harry Rubins
The provision for individuals age 70½ or older to make charitable contributions from their IRA will expire December 31, 2009. So time is running out for individuals over age 70 ½ to donate as much as $100,000 from their IRAs to charities. The distributions are tax free. In the past years these charitable distributions counted towards the taxable Required Minimum Distributions IRA owners in this age group had to take.
Congress suspended age 70½ Required Minimum Distributions for 2009 but not the charitable distribution from an IRA.
For someone who is considering making a charitable contribution they can still do so with IRA funds. The distributions made directly to the charities will not be reported as income on their tax return. For those who are charitably inclined it still makes sense to do charitable contributions this way.
If you have an interest in supporting KRCB with a direct transfer from your IRA please contact Nancy Dobbs at KRCB at 707-584-2002 or email at
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Patrick Campbell
(local vintner)
knows the power of giving.
This place is special to me. And anything that makes my home better is something I want to support. KRCB Public Broadcasting does that. Always involved with the community, always introducing me to the people and places I care about—through programs that enrich my life; my perspective.
I know KRCB counts on me for support. And I’m doing my part. I’m Patrick Campbell, and I’m considering including KRCB Public Broadcasting in my will. I hope you will, too. ~Patrick Campbell
To discuss estate planning or a gift of stock to benefit KRCB, please call Nancy Dobbs, President & CEO, at 707-584-2000. |
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