Charitable Gift through IRA Rollover Expires December 31
A note from the Georgia United Methodist Foundation:
If you have church members who are 70-1/2 years old or older, the Federal government permits them to rollover up to $100,000 from their IRA to your United Methodist church without increasing their taxable income or paying any additional tax. These tax-free rollover gifts could be $1,000, $10,000 or any amount up to $100,000 this year and will satisfy their annual required minimum distribution. The Pension Protection Act of 2006 is set to expire onDecember 31, 2013, so if this is of interest to you, you must act soon. Making your congregation aware of this may increase your year-end giving. These contributions may be used to satisfy current pledge commitments. If you have any questions, please contact the Georgia United Methodist Foundation at 770-449-6726 or 877-220-5664.