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Great news for those interested in making an IRA rollover gift to St. Jude Children’s Research Hospital—make your gift by January 31, 2013, and your donation will still count as a charitable gift for 2012.
On January 1, 2013, Congress passed the American Taxpayer Relief Act of 2012, which allows people age 70½ and older to make direct, tax-free gifts from an IRA to a qualified charity—tax free. The maximum amount for charitable distributions is $100,000.
Congress allows you two ways to make an IRA gift so that it will still count for 2012:
To receive these tax benefits for new IRA rollover gifts, they must be directly transferred to St. Jude from the IRA account.
For more information, contact your philanthropic advisor or call or call 1-800-395-4341