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Community Foundation
Howard Carroll Clinton
The IRA Rollover is Extended
The charitable IRA is back but there is a short window in which you can complete a gift.
The provision allows individuals age 70½ or older to make tax-free gifts totaling up to $100,000 from a traditional IRA account directly to qualified charities.  This distribution will not be treated as taxable income. This provision will expire Dec. 31, 2014, and it is unknown whether it will be extended into the coming year.
In order to qualify, contributions must go directly to a public charity and be made from traditional IRAs or Roth IRAs.  The IRA rollover provision encourages donors to give back to their communities.
Keep in mind that supporting organizations and donor advised funds are not eligible recipients for an IRA Charitable Rollover.
To complete an IRA Charitable Rollover for 2014, please contact your professional advisor for guidance.  
Give.   Match.   Grow.
Double Your Giving – Lilly Endowment has provided us with a wonderful matching gift opportunity. Donations to our unrestricted endowment funds will be matched $1 for $1. Donations to our other types of funds will be matched $1 for every $2 given. Please keep this match in mind as you consider a gift to the Foundation – it’s an exciting opportunity to enhance your giving. 
Gifts through charitable gift annuities, charitable remainder trusts and charitable lead trusts also qualify during the match period.
Please contact us if you have any questions about the match initiative or if we can be of assistance to you.  
215 W. Sycamore | Kokomo, IN 46901 US | (765) 454-7298
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