Take Advantage of the IRA Charitable Rollover
The IRA Charitable Rollover was reinstated by Congress and is available through 2013!
You can transfer up to $100,000 from your IRA directly to the Cleveland Foundation free of federal income tax. Here are some select highlights:
- Donor must be at least 70½ years of age
- Maximum rollover amount is $100,000 per tax year and can satisfy the required minimum distribution
- To qualify for 2013, the gift must be made by Dec. 31, 2013
To learn more about how the IRA Charitable Rollover extension may benefit you, please contact a member of the Advancement team at 216.861.3810.