New 2008 & 2009 Extension of Tax-Free IRA Gifts 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 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 EIN #95-3964928 For more information, please contact Rabbi Meyer H. May, SWC Executive Director, rabbimay@wiesenthal.com, or 800-900-9036. |