IRA rollover – Lobbying Congress

Community foundation leaders are lobbying Congress June 6 and 7 to urge passage of a bill to let taxpayers donate retirement assets to charity during their lifetime without incurring tax liability.

The provision was included in last year’s tax bill and in tax proposals by President Bush.

The U.S. has 550 community foundations with an estimated $29.9 billion in assets.

Leave a Response

Your email address will not be published. All fields are required.