Charitable IRA Rollover

CHARITABLE IRA ROLLOVER

The Fiscal Cliff legislation extends the Charitable IRA Rollover provision through December 31, 2013!

For a limited time only, there is one gift option that will appeal to everyone over the age of 70. Individuals who are 70.5 years or older can make tax-free distributions from their traditional or Roth IRAs to Husson University (or other charitable organizations). To be qualified, any such contribution must be made directly from your IRA to Husson. Any qualified contribution up to $100,000 will count toward an individual's required minimum distribution.

With this gift, you pay no federal income tax on your charitable distribution and your Adjusted Gross Income is not increased by IRA distributions. The transfer is quick and made directly from your IRA custodian to Husson with a minimum of paperwork. Simply contact your IRA account administrator to request they make a qualified charitable distribution from your IRA to Husson (you may even be able to find a form on your account administrator's website). Ask that a check be sent straight to Husson with your name on the memo line and direct your gift to: Husson University, Office of Advancement, 1 College Circle, Bangor, ME 04401.

Please also be sure to notify the Planned Giving Office of your forthcoming gift.