IRA info: Charitable Rollover option to expire

IRALots of folks have IRA funds – so we figured you might be interested in some info about some legislation that will be affecting the Charitable Rollover Option currenting in place.

As you may know, an IRA Charitable Rollover has been available to donors who are interested in rolling over funds directly to charities such as the PIME Missionaries. This plan has allowed many donors to roll over funds from their IRA accounts directly to eligible charities, allowing them to plan their giving and experience tax benefits.

However, the IRA Charitable Rollover option will expire at the end of 2009.

An extension of the IRA Charitable Rollover will be considered by Congress when the next session begins. Of course we cannot predict the outcome, but we do know at this time that the current option for tax-free giving will expire on December 31, 2009. We recommend contacting a financial advisor to learn up-to-date information on these options, and to be educated about the best plan for you.

There is still an opportunity to benefit from the current rollover option.

Please let us know if you’re considering taking advantage of the current IRA Charitable Rollover as part of your planned giving with the PIME Missionaries. Know that we are extremely grateful for your continued financial support and prayers – both essential elements to the continued good works of the PIME Missionaries in their worldwide ministries.

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