House and Senate negotiators recently agreed to permanently extend the IRA charitable rollover and have also worked out a deal on 55 expired tax provisions known as “tax extenders,” pending White House approval. A permanent IRA charitable rollover will eliminate the harmful cycle of expiration and renewal that has created so much uncertainty for donors and nonprofits over the years.
The rollover will also allow donors to plan their charitable gifts in advance, thus creating increased charitable investment for organizations and the communities they serve. Although the ultimate outcome of the negotiated tax provision rests with the White House, this is clearly a strong message from Congress and another good reason to make a gift to ALCF.
CALL TO ACTION: Contact Dani Gasparini, EVP Strategic Initiatives & Philanthropy, at [email protected] about making a gift to ALCF.