IRA owners and beneficiaries who are 70½ and older may transfer funds directly to Princeton HealthCare System from their IRA. These gifts, known as IRA charitable rollovers, are now permanently available thanks to new legislation.
Donors can transfer up to $100,000 each year directly to charity without it being considered a taxable distribution. Many of our savviest donors take advantage of this tax-saving opportunity every year.
If you would like additional information regarding IRA charitable rollovers, please contact Jonathan Dressler, Associate Director of Planned and Major Gifts, PHCS Foundation, at 609.252.8709, jdressler@princetonhcs.org.
Article as seen in Foundation News Fall/Winter 2016.
