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Tax-saving opportunity for donors to expire Dec. 31

November 5, 2007

Looking for a great way to have a powerful impact on Drake and its students? Under the Pension Protection Act of 2006, donors aged 70.5 or older can make outright gifts using IRA funds without tax implications – but only until the end of the 2007 year.

Donors can make gifts of up to $100,000 from their IRAs, through Dec. 31, 2007, without paying income tax on the amount. These donors can’t claim a charitable deduction, but they’ll enjoy a tax-free way to support Drake.

For more information, contact your tax professional and IRA custodian regarding this giving opportunity or Amy Peters, Drake’s director of planned giving at 515-271-4069 or amy.peters@drake.edu.