IRA Charitable Rollover 2013

We have exciting news to help you save tax dollars while supporting Canisius College. 

The IRA charitable rollover has been reinstated through 2013 as a result of the American Taxpayer Relief Act of 2012.

Individuals age 701/2 or older are once again eligible to transfer any portion of a mandatory distribution (up to $100,000 a year) from an IRA directly to a tax-exempt charity such as Canisius College, free of federal income tax, through December 31, 2013. 

Because Congress passed this legislation so late in 2012, they have provided two special transition rules:

1)      Qualified distributions made through January 31, 2013, may be counted retroactively for the 2012 tax year.

2)      Individuals who took a distribution from an IRA in December 2012 may make a contribution to Canisius through January 31, 2013 and treat this as a direct transfer. 


More information can be found in the IRA charitable rollover fact sheet.  Be sure to contact your advisor to find out how this limited opportunity may benefit you.  If you would like more information about supporting specific programs at Canisius, or if you would like a sample letter to send to your IRA provider, please contact Dianna Civello, interim vice president for Institutional Advancement, at 716-888-8220 or civellod@canisius.edu.

We hope this tax incentive will assist you in reaching your philanthropic goals.  As always, we are grateful for your continued support of Canisius College as we prepare leaders for tomorrow.

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