Legislation Lets You Use Your IRA to Help Others

Extended charitable IRA legislation allows you to make gifts to us by transferring funds from your IRA without incurring tax consequences. You can accomplish the gifts by contacting your IRA plan administrator—and the transfers are not included in your taxable income and are not tax-deductible.

You must meet these guidelines:

• You are age 70½ or older at the time of the gifts.
• Your gifts total $100,000 or less in 2009.
• You transfer funds directly from your IRA.
• You transfer the gifts outright to one or more qualified public charities, but not supporting organizations, gift annuities, charitable trusts or donor advised funds.
• You complete your gifts by Dec. 31, 2009.

Note that for the calendar year 2009, required minimum distributions are waived from IRAs and other qualified retirement plans.

Please contact Laurie L. Dietrich '80 at 507-933-6043 or ldietric@gustavus.edu to find out more about this opportunity that enables you to witness the far-reaching benefits of your generosity.