Community Foundation News
Now it’s easier than ever to make the gift of a lifetime.January 07, 2016
Qualified charitable IRA transfers to Community Foundation of the Lowcountry are tax-free.
On December 18, 2015, Congress passed the PATH Act, which renews and makes permanent the Charitable IRA provision of 2006. This allows individuals 70 ½ years old and older to roll over up to $100,000 annually from an Individual Retirement Account (IRA) to a charity without being federally taxed. Community Foundation of the Lowcountry can help turn your individual retirement accounts (IRAs) into tax-saving charitable gifts, helping you connect with the causes you care about most. You can support an existing fund or establish a new charitable fund in your name or the name of a loved one. Giving is one of life ’s greatest pleasures; we can help you enjoy it today. For more information, contact Emmy Rooney or call our office at 843.681.9100.