If you are age 70½ or older, you have until December 31, 2007, to take advantage of temporary legislation that allows charitable gifts directly from your IRA without increasing your income or income tax requirement. The legislation allows you to make cash gifts totaling up to $100,000 a year from your traditional or Roth IRA to qualified charities without incurring income tax on the withdrawal. If you are interested in giving a gift to JCU using your IRA distribution, please contact Peter R. Bernardo, director of Planned Giving at 216-397-4217 or e-mail Pbernardo@jcu.edu. For more information, log on to www.jcu.edu/plannedgiving.
