Planned Giving Overview

Special Alert: IRA Charitable Rollover Extended
Earlier this week, the House and the Senate passed a one year extension of the IRA charitable rollover. This provision, which had expired at the end of 2013, will now be effective retroactive to January 1, 2014, but only until the end of this year. The final day to take advantage of the IRA Charitable Rollover is December 31, 2014. This simple method of charitable giving lets you make direct gifts from an individual retirement account (IRA) to a qualified charity—without increasing your taxable income.

Here’s how it works: If you are over age 70 ½, you can directly transfer money from your IRA to a qualified charity, such as Agrace HospiceCare, without generating more income or paying any additional tax. Your tax-free gift can be any amount you choose; up to the $100,000 annual limit (a couple with separate IRAs can each give up to $100,000). Another important benefit: Your gift will qualify toward your required minimum distribution.

There is a time limit to this provision, and also several key details to keep in mind: • The gift must be from a traditional IRA (not other types of pension plans). • The gift must be given to a qualifying public charity, such as Agrace HospiceCare, and go directly to the charity: Instruct your IRA trustee or custodian to distribute the funds directly to Agrace HospiceCare or the organization of your choice. (Agrace HospiceCare has form letters of instruction if you need them).

To find out whether the IRA Charitable Rollover would be beneficial to you, please contact your personal financial advisor today. You must act by December 31, 2014 to take advantage of this provision for 2014. To receive the forms necessary to complete a Charitable IRA Rollover, or for further assistance, please contact Marcia Whittington at (608) 327-7205.

Planned Giving
A planned gift may enable you to satisfy personal financial goals in addition to providing Agrace HospiceCare with important, long-term support. Donors are often surprised at how planned giving options can increase the impact of their gift. Yet while tailoring a gift to fit your financial, estate and tax plans, you can also gain maximum tax rewards, maintain financial security and make a truly meaningful contribution.

As you consider the following planned giving options, think about not only how much you would like to give, but also what you want to accomplish with your gift. The answers may help you determine the giving option that is best suited to your needs and wishes.

Donors are advised to consult their legal/financial counsel before planning their gifts. Such counsel can help the donor make the largest possible gift to Agrace at the least possible net expense. Personal financial circumstances vary considerably and must be carefully considered in order to receive maximum benefits from existing tax laws.

For tax purposes, the Agrace HospiceCare Foundation is a 501 (c) (3) and 509 (a) (3) organization.  The Employer Identification Number is 30-0001703.

Learn more about how you can support Agrace HospiceCare with a planned gift: