As a supporter, you are an important investor to girl education in Uganda. That is why I want to make sure you are aware of recent tax news – the Individual Retirement Account (IRA) charitable rollover. It’s back. Yes, you can make a gift to Hope for Hearts and save significantly on taxes.
That benefits you. Your gift moves the Hope for Hearts mission forward. It’s a win-win. BUT, the deadline is looming for those in the market to make a charitable contribution from their IRA.
Here are the key points:
1) IRA owner must be at least 70½ years old at the time of the rollover.
2) Transfer must be made from the IRA directly to a qualified charity.
3) Transfers are not subject to income taxes.
4) Retroactive gifts for the 2012 tax year – up to $100,000 must be made by January 31, 2013.
5) Charitable rollover gifts up to $100,000 can be made at any point in 2013.
Depending on your circumstances, it may be possible for you to make a charitable rollover gift of up to $200,000 to Hope for Hearts in calendar year 2013. To break it down $200,000 would equal one years worth of education for more than 400 girls, and replace the building destroyed in our fire last year.
I am available for questions, and as always, encourage you to talk to your CPA for additional advice.
Peace and Love,
Cristen
702-412-6571
info@hope4hearts.org
