| Pension Plan Act |
Use Your IRA Account to Donate to VCLF!You invest in, and give to, the Loan Fund because you know we’ll put your money to the best possible use: creating opportunity. Thanks to the Pension Protection Act of 2006, for the first time ever, you can now use your IRA account to accomplish your philanthropic goals. You can now make charitable gifts of up to $100,000 tax-free directly out of your IRA account; the amount of your contribution will be excluded from your gross income. You must be at least 70 ½ years of age at the time of the gift, and only gifts made directly to the Loan Fund, not investments, will qualify. Please contact your tax professional, or Jake Ide, the Loan Fund’s Director of Development, for more information. |
