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Advocacy Blog


Friday, April 22, 2005

IRA Rollover Legislation Introduced in House

On Wednesday, April 13, 2005, Representatives Wally Herger (R-CA) and Earl Pomeroy (D-ND) introduced a stand-alone IRA charitable rollover bill. H.R. 1607, the "Public Good IRA Rollover Act," allows individuals to contribute amounts currently held in IRA accounts directly to qualified charities without having to first recognize the income for tax purposes and then take a charitable deduction. For an outright gift to a charity, a person must be at least 70 1/2. For split-interest gifts (i.e. charitable remainder trusts, pooled income funds, charitable gift annuities), a person must be at least 59 1/2.



Posted by Jennifer Lowe, 11:41:05 AM



Tuesday, April 19, 2005

Senate May Hold Hearing on Land Donations
At an American University College of Law conference on Monday, a Senate Finance Committee staffer indicated that the committee plans to hold another hearing this spring on abuses in the charitable sector. According to the staffer, the hearing will focus on land donations, including the committee’s review of the operations of The Nature Conservancy. The staffer did not indicate a date or time for the hearing.



Posted by Jennifer Lowe, 03:41:36 PM



Senate May Have Hearing on Land Donations
At an American University College of Law conference on Monday, a Senate Finance Committee staffer indicated that the committee plans to hold another hearing this spring on abuses in the charitable sector. According to the staffer, the hearing will focus on land donations, including the committee’s review of the operations of The Nature Conservancy. The staffer did not indicate a date or time for the hearing.

Posted by Jennifer Lowe, 03:36:33 PM




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