“My students are always kind of surprised to learn about what they have missed, what they haven't been paying attention to all their lives.”
Natural Sciences Professor Laura Alexander
Emergency Economic Stabilization Act of 2008
The IRA Charitable Rollover was extended under the Emergency Economic Stabilization Act of 2008 ("The Act"). The Act extends the tax-free treatment of qualified charitable distributions ("QCD") from an Individual Retirement Account ("IRA") for two additional tax years, 2008 and 2009. A gift qualifies as a QCD if:
- The distribution is made on or after the date of the IRA owner attains the age of 70 ½.
- The gift is from a traditional IRA or Roth IRA.
- The distribution is limited to $100,000 per year.
- The distribution is made between January 1, 2009 and December 31.
- The distribution is made DIRECTLY to the charity.
For more information please contact Peg Andrews, Advancement and Planned Giving Officer, at (603) 526-3890, or pandrews@colby-sawyer.edu.
