You support 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, you can use your Individual Retirement Account (IRA) to achieve your philanthropic goals.
If you're at least 70 1/2 years old, you can make charitable gifts of up to $100,000 directly out of your IRA with no tax implication for the withdrawal. The amount of your contribution will be excluded from your gross income.
The Pension Protection Act only covers charitable donations; investments in the Vermont Community Loan Fund do not qualify. If you're interested in making an investment in VCLF through your Self-Directed IRA, you can learn more HERE.
Please contact Jake Ide, Director of Investment & Philanthropy, at jake@vclf.org or (802) 223-4423, for more information about using your IRA to support the Loan Fund's work.
Thanks to the Pension Protection Act of 2006, you can use your Individual Retirement Account (IRA) to achieve your philanthropic goals.
If you're at least 70 1/2 years old, you can make charitable gifts of up to $100,000 directly out of your IRA with no tax implication for the withdrawal. The amount of your contribution will be excluded from your gross income.
The Pension Protection Act only covers charitable donations; investments in the Vermont Community Loan Fund do not qualify. If you're interested in making an investment in VCLF through your Self-Directed IRA, you can learn more HERE.
Please contact Jake Ide, Director of Investment & Philanthropy, at jake@vclf.org or (802) 223-4423, for more information about using your IRA to support the Loan Fund's work.