December 13, 2007
Charities Scramble to Persuade Donors to Make Retirement-Account Gifts
With the future uncertain for a law that allows older Americans to transfer money from their individual retirement accounts to charities tax-free, nonprofit groups are rushing to get as many gifts as possible by year's end.
Nearly two years ago, Congress passed a law, set to expire on December 31, that allows people ages 70 or older to transfer up to $100,000 annually from their IRA's without paying tax on the withdrawals. The measure has helped many charities win
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
