Originally created by the Pension Protection Act of 2006 as a way to encourage older Americans to make gifts to charities, the IRA charitable rollover provision in the tax code allows individuals age 70 ½ to donate up to $100,000 to a qualifying public charity directly from his or her IRA without incurring tax on the withdrawal. During the first two years the IRA charitable rollover was available, it prompted more than $140 million in charitable donations, with the median gift just under $4,500. Beneficiaries included social service providers, religious organizations, cultural institutions and schools – organizations that benefit communities and improve lives every day.

This provision, along with a number of other critical charitable giving incentives, was allowed to expire on January 1, 2014.         However, efforts are underway in Congress to reinstate these provisions into law, and we hope you will help us communicate to lawmakers the importance of the IRA charitable rollover.

Independent Sector will be sending a letter to all U.S. Senators in support of this provision. Visit their information hub to learn more about this issue, read the official letter and consider signing on your organization.

Proposed IRS Regulations on Political Activity for Tax-Exempt Organizations
Deadline – Wednesday, February 26 

The IRS has issued proposed regulations that put forth guidance for tax-exempt organizations on political activity and has opened a public comment period that closes on February 27. These regulations are an important first step in clarifying the rules for political activity by tax-exempt organizations, but the proposed guidance contains a number of troubling elements and warrants significant revision before it becomes public law. 

Visit Independent Sector’s information hub on this legislation, read their drafted comments, and consider signing