Charitable IRA Donations

The Pension Protection Act of 2006 allows those 70˝ or older to make distributions of up to $100,000 a year directly from their IRAs to one or more charities without the distributions being included in taxable income or subject to other penalties/withholding. The new “IRA charitable rollover” will be allowed in 2006 and 2007 only, and must be made from a traditional or Roth IRA and not from any other type of retirement plan.

See below for more information:
The Pension Protection Act of 2006 (Requires Adobe Acrobat Reader)
AARP article on Tax-Free Gifts to Charities (AARP, http://www.aarp.org)

Potential donors are encouraged to consult with their legal and financial advisors to learn if this opportunity is appropriate for them. This overview may be subject to updates and corrections. It is not intended to be a substitute for competent legal or financial advice.

The Museum's Development staff is available to assist you in planning the most appropriate gift for your situation. All inquiries are confidential. For additional information about how you can support The Eric Carle Museum of Picture Book Art, contact Nora Maroulis at 413-658-1111, or e-mail noram@picturebookart.org

Please contact marketing@picturebookart.org to notify us if the links are not working properly. The Eric Carle Museum of Picture Book Art is not responsible for the content of the pages listed above.