If you are 70 ˝ or older (or know
someone who is),
you can roll over your IRA
distribution for 2013 to charity
“American Taxpayer Relief Act of 2012” (“ATRA”)
permits Individual Retirement
Account (IRA) owners starting at age 70˝ to make tax-free
charitable gifts from an IRA directly to eligible charities,
such as the Alice Paul Institute (API), up to a total of
$100,000 for the tax year 2013.
For 2013 tax
After January 2013 and before January 1, 2014, the donor
requests that his or her IRA plan administrator transfer funds
directly to API. For this qualified charitable
distribution, the donation to API is excluded from the donor’s
adjusted gross income in 2013.
By transferring your IRA distribution
to API, you will become a member of the
You can also help support
API the beneficiary of your IRA. Doing
so can eliminate the income tax, estate tax and
generation-skipping transfer tax that could otherwise consume
potentially a large portion of your retirement account
before it goes to your heirs. By making API the
beneficiary of your IRA, you will become a member of the
Alice Paul Legacy Society,
a group of individuals who are supporting API beyond their
work in developing future “Alice
Pauls” in years to come.
The information presented here is not
intended as legal advice. We encourage you to consult your
attorney and tax advisor to discuss how the ideas presented here
may apply to your situation.
If you are interested in knowing about
other planned giving opportunities, please contact API Executive
Director Lucienne Beard at 856-231-1885.