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Government Relations
Charitable IRA Rollover Resource Center
On October 6, 2008, the Emergency Economic Stabilization Act
was signed into law. That legislation included an extension of
the IRA Charitable Rollover provision that was originally passed
as a part of the Pension Protection Act of 2006, and which had
previously expired on December 31, 2007. The IRA Charitable
Rollover has been extended through December 31, 2009.
The following resources are provided to help you understand the
IRA Charitable Rollover. The Partnership for Philanthropic
Planning will add additional resources as they become available.
Disclaimer: The views expressed in these papers are those of the
authors and do not necessarily reflect the opinions of the
Partnership for Philanthropic Planning, its staff or its board
members. The Partnership does not guarantee the accuracy of the
authors’ comments, and none of the material in these resources
should be construed as legal advice. Readers are urged to
consult their own legal counsel regarding any information found
herein.
Research and Statistics
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Click here
to enter data about IRA distributions received since the passage
of the Emergency Economic Stabilization Act on October 6, 2008.
This survey allows you to enter totals for the number and dollar
value of gifts you have received; you do not need to enter data
on individual distributions. Please return to the link
periodically to report distributions received since the previous
survey response.
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Results of the Partnership's IRA gift survey.
- Click
here for data on distributions
authorized by the Pension Protection Act
of 2006, covering the period from
January 1, 2006, through December 31,
2007.
- Click
here for data on distributions
received by charitable organizations
since passage of the Emergency Economic
Stabilization Act in October 2008.
IRS Forms and Procedures
The IRS provided guidance on the “Charitable IRA
Rollover” provision as originally enacted in the
Pension Protection Act of 2006. The information
is contained at the end of Notice 2007-7;2007-5
IRB 1. The Full text appears at
www.irs.gov/pub/irs-drop/n-07-07.pdf, or by
clicking here. The IRS explained how to report the “Charitable
IRA Exclusion” on 2006 Income Tax Returns. Click
here for the Form 1040 instructions (see page 25
for the IRA Rollover information). The corrected version of the
2006 Instructions for Forms 1099-R
and 5498 (Rev. October 2006) is available for download (PDF
version). This addresses Section 1201 of the Pension Protection
Act of 2006, which allowed certain account holders to direct a
tax-free distribution to a qualified charity from a traditional
IRA or Roth IRA.
Overview and Analysis
Congressional Resources
Web Sites Reporting Charitable IRA Rollover News
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