Tax Relief Law - Planned Giving Opportunities
Giving Options

Tax Relief and Planned Giving

Opportunities for Charitable Giving in the New Legislation


During its lame duck session, the 111th Congress passed the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, which the President signed into law on December 17, 2010.  Among its many provisions, the law:
  • Extends special tax incentives for charitable gifts made through retirement accounts (IRAs) for donors over the age of 70 ½
  • Allows individuals to make a tax-free distribution of up to $100,000 from IRAs (Roth and Traditional) to qualified charities
  • Enables couples with separate IRAs each to make charitable distributions of up to $100,000 tax-free
  • Provides that gifts made prior to January 31, 2011 may be counted as made in 2010 with respect to tax returns and minimum withdrawal requirements


We  encourage you to consult your tax advisor regarding the specific ways in which this legislation may impact your personal circumstances.
If you would like more information about IRA charitable distributions to Utica College as well as other planned giving options, please contact:

Tim Nelson
Assistant Vice President of Advancement
(315) 792-3489


(315) 792-3006
1600 Burrstone Road | Utica, NY 13502