Historic victory for philanthropy!
12/18/2015 - COF
President Signs IRA Rollover into Law; in a historic vote, Congress passed the IRA Charitable Rollover into permanent law, making it available to donors and charities for the foreseeable future. Because of COF efforts and support of KACF members and other advocates, community foundations may immediately begin accepting IRA Charitable Rollover gifts from individuals age 70 ½ and up to $100,000 without incurring tax on the withdrawal. This benefit is available to all taxpayers regardless of whether they itemize their deductions. Check IRA Charitable Rollover Toolkit to help you communicate with donors