IRA Rollover Provision
Federal legislation extends the IRA Rollover Provision through 2009. This provision exempts from taxable income any funds transferred from and Individual Retirement Account (IRA) to a charitable organization. The following limitations apply:
- The donor must be 70 1/2 years or older
- The cap on annual IRA rollovers is $100,000
- The contribution must be a direct gift to a charity
Southeastern Development Foundation can accept and IRA gift to the University with these limitations through December 2009.
For more information, please contact:
Lynn Harris Horgan
(985) 549-2239
or toll free (866) 474-4438
email to: lhorgan@selu.edu