You can be a part of the team who makes compassionate end-of-life care possible. Here's a year-end opportunity to save on Individual Retirement Account income taxes and make a gift to Hospice Foundation to help fund hospice and other end-of-life care in Monterey and San Benito counties.
If you are age 71 or older, you can make a tax-free gift from your traditional IRA distribution to support hospice care through the Hospice Foundation. You won't pay income tax on the amount of your gift!
But you have to act quickly, before December 31, to ensure you get full advantage of this opportunity.
Here's how it works: Tell your traditional IRA administrator that you want to make a "qualified charitable distribution" to Hospice Foundation and give him or her the Foundation's federal tax ID, 94-2404634, our legal name, Central Coast Hospice Foundation, and our mailing address, PO Box 1798, Monterey, CA 93942.
The administrator will send your tax-free gift directly to us. It must be postmarked by December 31, 2009! Thank you very much!
This giving opportunity has been available since 2006. Congress might extend it, as it did once before, but no one can say for sure.
Here's how it works: Tell your traditional IRA administrator that you want to make a "qualified charitable distribution" to Hospice Foundation and give him or her the Foundation's federal tax ID, 94-2404634, our legal name, Central Coast Hospice Foundation, and our mailing address, PO Box 1798, Monterey, CA 93942.
The administrator will send your tax-free gift directly to us. It must be postmarked by December 31, 2009! Thank you very much!
This giving opportunity has been available since 2006. Congress might extend it, as it did once before, but no one can say for sure.
Here's the fine print:
· The check from the financial institution must be postmarked by December 31, 2009.
· Only IRA holders of the right age can take advantage of this opportunity.
· Traditional IRAs work best for this program. Because Roth IRAs are taxed differently, a charitable distribution from a Roth IRA probably offers you far less benefit.
· Charitable distributions cannot be made from 401(k), 403(b), SEP IRA, or SIMPLE IRA accounts-they don't qualify for this program.
Note: We do not advise on personal income tax issues. Please consult your tax advisor for full information. Only your advisor can give you definitive advice based on your personal financial circumstances.
If you have any questions, please call Susan Cortese, Director of Development, Hospice Foundation, (831) 333-9023.
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