IRA Charitable Rollovers are now PERMANENT
Congress has just enacted legislation which permanently extends your ability to use all (up to $100,000) or a portion of your IRA required minimum distribution (RMD) for charitable purposes. The legislation also “grandfathers” and is retroactive to January 1, 2015.
This is a terrific opportunity to act today to directly benefit MSUM students. If you’re interested in tax consequences for 2015, please be aware that it can take several days for these types of transfers to complete. The sooner you can notify your IRA holder, the better.
If you have questions, please call Leo (218-477-2423) or Joy (218-477-2254) at the MSUM Alumni Foundation. You can also email Joy at joy.crouch@mnstate.edu.
It’s a great day to be a Dragon with an IRA!
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