January 15, 2012

Charities Urge Congress to Reinstate IRA Gifts and Other Donor Incentives

By Holly Hall

This year the Nature Conservancy is losing a key incentive that prompted donors to give nearly $9-million to the environmental charity in the past six years.

Many other charities also mourn the loss of the incentive, a tax break that allows older donors to transfer up to $100,000 tax-free from their individual retirement accounts to charity every year.

Congress failed to renew the incentive when it expired at year’s end.

That’s a familiar happenstance; the

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