Ask Congress to Reinstate the IRA Rollover!
May 8, 2014
A tax provision that has been proven to boost the impact of nonprofit organizations in communities nationwide is up for consideration in the Senate next week. Take a moment to weigh in today in support of the reinstating the IRA Charitable Rollover, which allows donors aged 70-1/2 and older to make tax-free charitable gifts directly from their retirement accounts. This important incentive to increase charitable giving expired at the end of 2013, and Congress is now considering potential reinstatement for 2014 and extension through 2015. Substantial new and increased donations are made to support the work of nonprofits when the IRA Rollover is available to donors.
The EXPIRE Act of 2014 (S. 2260), introduced by Senate Finance Committee chairman Ron Wyden (D-OR), would reinstate and extend a number of tax provisions, including the IRA Charitable Rollover. The Senate will soon be voting on this measure, and the U.S. House of Representatives is also considering its approach to reinstating expired tax measures. This is a key moment to remind your elected officials of the impact that orchestras and other nonprofit organizations provide in communities, and the critical importance of charitable giving incentives, including the IRA Charitable Rollover provision.
Orchestras partner with other nonprofit organizations to make a difference in the lives of people in their communities, and they also partner with the full array of nonprofits to impact federal policy. Your voice matters – make it heard today!