IRA Charitable Distribution Extended

The Bowdoin Campaign

Story posted November 25, 2008

In 2008 and 2009 you can make a gift directly from your IRA to Bowdoin and save money on your taxes. The Emergency Economic Stabilization Act of 2008 extended the IRA Charitable Distribution, which allows tax-free transfers from IRA accounts to public charities like the College. If you are aged 70½ or over, you can give up to $100,000 per calendar year without paying federal income taxes on the withdrawal.

Your gift will count toward your Required Minimum Distribution for the year in which you make it (although it cannot replace taxable distributions that have already been made). The IRA Charitable Distribution has only been extended until December 31, 2009. Please consider taking advantage of this easy and tax-efficient opportunity to benefit Bowdoin.

Making an IRA Charitable Distribution to Bowdoin
FAQs about IRA Charitable Distributions

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