Investors that need to or want to make tax-free donations should consider an IRA charitable donation.
Congress extended this provision through 2011, but it will lapse in 2012 unless lawmakers act. Investors over 70½ may contribute up to $100,000 of IRA assets into one or more qualified charities, namely Minnesota Trout Unlimited. There is no deduction, but the gift is excluded from income. If you need to do your Required Minimum Distribution yet this year, please think about MNTU.
If you are interested, please contact us.