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If you are 70-1/2 or older, recent legislation benefits you when you make a contribution from your IRA.  Under the Pension Protection Act of 2006, you can make a gift using funds from your individual retirement account (IRA) without undesirable tax effects.  Leave a legacy and contribute from your IRA today if:

  • You are 70-1/2 or older
  • The gift is not more than $100,000 per year
  • Donate the gift on or before December 31, 2007
  • Transfer funds directly from an IRA or Rollover IRA