An opportunity continues to exist, where a donor can make charitable gifts using IRA funds without tax complications.  Extended to cover both 2008 and 2009, the Pension Protection Act allows donors to "roll over" part of their IRAs to make charitable gifts without having to report the amount withdrawn as taxable income.

Your gift from your IRA can be used to make gifts or pledge payments to The Simpson Fund, The Campus Center Campaign, The Blank Performing Arts Center Project or to provide a gift to the department/program of your choice.

Some legal details of the provision include the following:

• The rollover may be used to satisfy your required minimum distribution in 2008 and 2009.
• The act allows up to $100,000 to be given via this method in 2008 and 2009.
• Because the rollover does not affect your adjusted gross income, therefore the rollover gift can be made in addition to any other charitable gifts you have planned.
• You must have reached the age of 70 ½ by the time the charitable gift is made.

If you would like more information, please contact Bob Lane or Chris Goodale in the Office of College Advancement at (800) 610-6369.