Break the Cycle

IRA Rollover
The Pension Protection Act of 2006 allows for qualified charitable contributions
from Individual Retirement Accounts (IRAs). Individuals can now rollover up to
$100,000 from an IRA or Roth IRA to a qualifying charity without the assets
becoming a taxable distribution. This legislation will expire on December 31,
2007, so act quickly.



You can still benefit if you have a 401K, 403B or other retirement account.
First roll funds from your retirement account into an IRA and then make the
donation directly to Break the Cycle.


How Do I Qualify?
  • You must be 70 ½ or older on date of contribution.
  • You must transfer the donation directly to Break the Cycle.
  • You cannot donate more than $100,000 per year as an individual.
  • You cannot give to deferred gift plan such as a charitable remainder trust
    or gift annuity.
How Do I Start?
Contact your IRA trustee to make the gift directly to Break the Cycle.


Questions?
Contact us at development@breakthecycle.org.
We are happy to discuss this unique option with you.



Please consider seeking tax or legal counsel before deciding on a course of action.



Thank you for your interest and support.