New Law Offers Opportunity to Give to CULS

October 2, 2006

A new law offers the opportunity to give to qualified charities such as Capital University Law School. If you, or one of your clients, are age 70½ or older, the IRA rollover provision signed into law August 17, 2006, provides tax incentives to contribute individual retirement account (IRA) assets to nonprofit organizations. This is a limited time opportunity that, at present, is applicable only for charitable contributions made in 2006 and 2007.

The IRA rollover provision, approved as part of the Pension Protection Act of 2006, enables donors age 70½ or older to exclude from adjusted gross income the amount of “qualified charitable distributions” up to $100,000 per year from regular or Roth IRAs. The provision expires Dec.31, 2007.

This law lets donors provide for the next generation of lawyers, judges, public interest law providers, entrepreneurs and leaders while fulfilling the requirements of their IRA accounts.

To discuss making a qualified charitable contribution to Capital University Law School, contact John Strick, director of development and alumni relations, at 614-236-6601.

[ Read more about how the details of this opportunity works ]