The Tax-Free IRA Charitable Rollover is Back!

10/09/08   Portland, OR

The special opportunity that expired at the end of 2007 has been extended to 12/31/09.
Under this new extension legislation, such gifts can:

1. Count toward your required minimum distributions and

2. Be excluded from your gross income: a tax-free rollover.

To qualify for benefits under the extension:

• You must be 70 1/2 or older at the time of the gift
• Transfers must go directly from the IRA to Oregon Health & Science University Foundation or Doernbecher Children’s Hospital Foundation either in 2008 or 2009
  
• Your total IRA gift(s) cannot exceed $100,000 per year
• Gift(s) must be outright

Please contact our gift planning office at 503-228-1730 or 800-462-6608 or pginfo@ohsu.edu if you would like to learn more about this exciting opportunity.