Exciting news regarding charitable gifts!

The IRA Charitable rollover has been extended for two years through December 2009. The provision exempts from taxable income all funds rolled over from IRA accounts to a charitable organization. Limitations on the provision include:

a) donors must be age 70 ½ or older;
b) caps on annual IRA donations are limited to $100,000 per year;
c) contributions must be made as a direct gift to the charity.

This is a tremendous tax benefit for you and a beautiful gesture to your favorite charitable organization. The provision is retroactive from January 1, 2008 through December 31, 2009.

For further information please contact Madalene Buelow, Director of Development, at 608-791-5282 or e-mail mbuelow@fspa.org.