The IRA Charitable Rollover expired January 1, 2012. This provision allowed donors age 70½ to exclude from their taxable income any IRA funds up to $100,000 that had been withdrawn and transferred to a charity when filing a tax return.
"I rely on the Charities Review Council to keep me in tune with best practices and upcoming trends in the philanthropic sector. I know I can always turn to the Council as a trusted and reliable source with any question or concern on nonprofit giving and accountability."
We are kicking off several Nonprofit Strengthening Projects this spring! Read more about this innovative program.
As a result of the rolling review of the Accountability Standards, updates were made to make the standards even more meaningful and useful.