Foundation News

Donate From Your IRA Tax-Free: 2010 and 2011

The IRA Charitable Rollover, a part of the Middle Class Tax Relief Act of 2010, allows donors over the age of 70½ to transfer from a traditional or Roth IRA account up to $100,000 per year to the Chi Omega Foundation tax-free. This is effective for 2010 and 2011.

A special provision allows interested donors to make distributions that will be treated as made in 2010 if completed by January 31, 2011.

If you are interested in learning more about how this IRA rollover incentive can work for your own charitable giving needs, I urge you to consult your tax advisor or contact the Foundation.

Please let us know if you would like more information about this legislation and Chi Omega Foundation giving opportunities.

Contact Foundation Executive Vice President Sally Stephens at SStephens@ChiOmega.com or (901) 748-8607.