December 10, 2009
The IRA Charitable Rollover
is set to expire on December 31st, and the Partnership for Philanthropic
Planning is asking that you take action now!
Under current law, individuals aged 70½ and older are permitted to donate up to
$100,000 from their Individual Retirement Accounts (IRAs) and Roth IRAs to
public charities without having to count the distributions as taxable income.
This important charitable giving incentive, however, expires at the end of the
year, and it will take Congressional action to extend it into 2010 and beyond.
The House of Representatives approved a one-year extension on December 9, 2009,
but the Senate has not yet acted.
Please call both your Senators and urge them to extend the IRA Charitable Rollover before the end of the year.
To find the Washington, DC telephone numbers for your Senators, use an online
directory or call the Capitol Switchboard at (202) 224-3121 and ask for the
information. Remember that calls to Senate offices are answered by staff
members. Therefore, when you place your call simply identify yourself and the
organization for which you work and ask to speak with the staff member who
handles tax issues for the Senator. If that staff member is not available, share
your message with the person who answers the phone.
Suggested talking points are below. For additional information,
please email firstname.lastname@example.org.
The IRA Charitable Rollover allows
individuals aged 70½ and older to donate up
to $100,000 from their IRAs and Roth IRAs to
public charities without having to count the
distributions as taxable income.
Since enactment in August 2006, the IRA
Charitable Rollover has proven to be a
simple, efficient, and effective means for
older Americans to give back to their fellow
citizens and to the causes in which they
The IRA Charitable Rollover is particularly
helpful for older Americans who do not
itemize their tax deductions and would not
otherwise receive any tax benefit for their
By eliminating the barrier in the tax law
that had discouraged transfers from IRAs,
the IRA Charitable Rollover has generated a
significant amount of new charitable giving
to cash-strapped charities throughout the
country and enabled these charities to
maintain or expand critical services.
The resulting gifts from IRA Charitable
Rollovers – ranging from as little as $10 to
the legal maximum of $100,000 – have helped
organizations build cancer centers, develop
programs for counseling at-risk youth,
support housing for homeless families,
conserve wilderness areas, and provide art
therapy for people with developmental
[Explain how your organization has used
donations from IRA Charitable Rollovers to
positively impact your community.]
The House of Representatives voted on
December 9, 2009 to extend the IRA
Charitable Rollover for one year, and the
Senate needs to act now before the IRA
Charitable Rollover expires on December 31,