Special Announcement: Permanent Extension of IRA Charitable Rollover
It is with pleasure we share some great legislative news from Washington, DC. On Dec. 18, 2015, President Obama signed the Protecting Americans from Tax Hikes Act of 2015, legislation that includes a permanent extension of the IRA charitable rollover. Donors age 70 ½ or older can now make tax-free charitable gifts of up to $100,000 per year directly from their Individual Retirement Accounts to eligible charities, including colleges, universities and independent schools.
Congress and the President have removed the uncertainty surrounding the IRA charitable rollover. The provision now applies to IRA distributions made in taxable years beginning after Dec. 31, 2014.
We appreciate your continued interest in and support of Chowan University.
If you have any questions regarding this great opportunity to make a gift to Chowan University, please do not hesitate to contact John M. Tayloe, Vice President for Development, at email@example.com or 252.398.1232.