26
Dec
2014
Dear Members and Friends of the German American Heritage Center,
We would like to make you aware of a special gifting oppotunity to help us - and you - at year's end. You may donate toward our account at the Community Foundation of the Great River Bend if you qualify as outlined here. If you have additional questions, please contact the GAHC endowment chair, Stan Reeg at RWBaird, at (563) 445-6219. This opportunity will vanish with the champagne bubbles at the New Year, so hurry up to meet the deadline!
Thanks to all for your support of our organization!
Director
German American Heritage Center
Special tax-free gift option for 2014
For those over age 70½, it is once again possible to make tax-favored charitable gifts from traditional and Roth IRA accounts.On December 19th, legislation was signed into law that extends this special opportunity for gifts completed in 2014. Amounts given in this way will count toward 2014 required IRA withdrawal amounts.
A total of up to $100,000 can be transferred directly from traditional or Roth IRAs to the Community Foundation of the Great River Bend free of federal income tax. There may also be state income tax savings.
To make such gifts, it is important to not withdraw funds prior to a gift, but distribute them directly from an IRA to one or more qualified charities. For those with check writing privileges on their accounts, this may be the most efficient way to make gifts directly from an IRA.
Check with us, your IRA administrator or your advisors for more information. You can also visit our Planned Giving site for more information.
For more information please contact Barbara Melbourne, 563-326-2840 or by e-mail at barbaramelbourne@cfgrb.org.
