The Asia Foundation

The Asia Foundation

Working to Build a Peaceful, Prosperous, Just, and Open Asia-Pacific Region

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How You Can Help

Tax Benefit - IRA Rollover

Legislation is pending for 2008.

If you are 70-and-a-half years or older, you have the opportunity to take advantage of a unique tax benefit in 2007. Under the Pension Protection Act of 2006, an eligible donor can give up to $100,000 directly from an IRA account to a public charity and in many cases the donation will be not be taxed as income. The contribution must be made as a Qualified Charitable Distribution (QCD) directly from the IRA to a certified organization. This benefit is currently available through the end of 2007; legislation is pending in Congress to make this permanent. If you are interested in taking advantage of this giving option, we recommend that you contact a lawyer or tax adviser for additional information.

To learn more about our gift acceptance policies or to make a donation through your IRA account, please contact: Nicola Burt, nburt@asiafound.org or 415-743-3346.