New Extension of Tax-Free IRA Gifts for 2008 & 2009

November 20, 2008

New 2008 & 2009 Extension of Tax-Free IRA Gifts
-Act before December 31st-

The Simon Wiesenthal Center could use your help. During these difficult economic times, taking advantage of a tax-free IRA gift is another way to support the ongoing and important work of the Simon Wiesenthal Center.

Tax-free rollover gifts from traditional or Roth IRA’s to charities such as the Simon Wiesenthal Center were extended into 2008 and 2009 by the newly signed Emergency Economic Stabilization Act of 2008 thereby allowing:

         •donors who are 70½ or older to contribute

         •contributions not to exceed $100,000 in 2008 or 2009

         •transfers from an IRA directly to the Simon Wiesenthal Center

         •eligible donors to contribute through 2008 and 2009  

As was the case in 2006 and 2007, this legislation does not permit an IRA Charitable Rollover to fund life income gifts such as Charitable Gift Annuities and Charitable Remainder Trusts, or to make gifts to private family foundations and donor-advised funds.  However, a donor can use these funds to pay a pledge made to a charity.

In addition to the Simon Wiesenthal Center, gifts can also be made to the Museum of Tolerance - Los Angeles, Museum of Tolerance - Jerusalem, New York TolerancenteriACT/Campus Outreach and Moriah Films.

In order to properly complete the gift, your IRA administrator must make the check payable directly to the Simon Wiesenthal Center.  As we could really use your help, we would appreciate your thoughtful and generous consideration. Gifts should be made to: 

Simon Wiesenthal Center
1399 South Roxbury Drive
Los Angeles, CA 90035-4709

EIN #95-3964928

For more information, please contact Rabbi Meyer H. May, SWC Executive Director, rabbimay@wiesenthal.com, or 800-900-9036.

Powered by Blackbaud
nonprofit software