IRA Charitable Rollover Extension Signed Into Law

The Emergency Economic Stabilization Act of 2008 (H.R. 1424) includes the extension of the IRA Charitable Rollover. The extension is retroactive, applying to distributions made throughout both the 2008 and 2009 tax years. The extension will allow individuals 70 1/2 years of age and older to donate up to $100,000 from their IRAs to charities tax-free. It does not expand the IRA Charitable Rollover to allow tax-free donations to split-interest gifts.

For more information on this opportunity, please contact the Foundation Office at: 513-853-2008 or email Molly Talbot at molly.talbot@lec.org.