Congress Passes Permanent Extension of the IRA Charitable Rollover

As of last week, both the U.S. House of Representatives and the U.S. Senate have passed a permanent extension of the IRA charitable rollover, and President Obama has signed the bill into law.

This provision, which had expired at the end of 2014, will now be effective retroactive to January 1, 2015. Unlike prior years, the provision is no longer scheduled to expire. Donors age 70½ and older may transfer up to $100,000 from their IRA to a qualified public charity. The transfer will be made free of federal income tax and the gift qualifies for the donor’s 2015 required minimum distribution (RMD) for the year. Many people have been waiting for passage of this law before acting on 2015 IRA distributions. If you wish to direct an IRA distribution to charity, contact your custodian soon, as it can take some time for these distributions to be processed.

To make an IRA rollover gift to the Ice Age Trail Alliance contact your custodian and request that an amount be transferred directly to the Ice Age Trail Alliance. Your gift can be cash or stock in any amount up to $100,000.

If you are gifting cash, direct your custodian to make your gift to:
Ice Age Trail Alliance, Inc.
PO Box 128 Cross Plains, WI 53528
Federal Tax ID # 39 – 6076028

If you are gifting stock, direct your custodian to transfer your stock to our account at:
Robert W. Baird & Co
c/o Dan Gundrum, 414-765-1465
IATA Account # 4464-2597
DTC # 0547

When you make an IRA gift to the IATA, please email or call us and let us know.

We’ll need your name, address, and phone number so we can properly thank you when your gift arrives:
[email protected]
608-798-4453 x-22