Great News! The IRA Charitable Rollover provision has been extended to December 31, 2011 and qualified charitable distributions made after December 31, 2010 and before February 1, 2011, will be considered to have been made on December 31, 2010. If you would like to consider a gift to NRH and take advantage of this or other opportunities, please contact Robert Marsteller, NRH Director of Philanthropy, at email@example.com or 202.877.1772.
According to the Partnership for Philanthropic Planning, in mid-December, the U.S. Senate passed the Tax Relief Unemployment Insurance Reauthorization and Job Creation Act of 2010. This new legislation extends the IRA Charitable Rollover provision that expired at the end of 2009. Specifically, the legislation reinstates the Rollover for 2010 and allows any eligible gifts made by January 31, 2011 to be treated as a 2010 donation. The legislation also sets the expiration date for the Rollover as December 31, 2011, meaning that eligible gifts made throughout all of 2011 will qualify for favorable tax treatment.
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