Wednesday, January 24, 2007

Financial Advisor Magazine-Charitable IRA Rollovers Prove Popular

Financial Advisor Magazine:
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"Now groups including the NCPG, the American Council on Gift Annuities, the Association of Fundraising Professionals, the Council for Advancement and Support of Education, and Independent Sector are working on legislation that would make the rollovers permanent, remove contribution limits and allow donors to give money through trusts and donor-advised funds.
A version of the expanded provision passed both houses of Congress in the last session, but didn't make it into committee. Johnson and others in the sector say they expect the new legislation to be introduced in this session of Congress."

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