A special charitable alert from Valpo

The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 signed into law by President Obama on Friday, December 17, 2010, includes a bill that restores the IRA Charitable Rollover for 2010 and extends its use through 2011. This charitable option gives you means to enhance the educational mission of Valparaiso University by using your IRA or Roth IRA. What a wonderful way to support the Valpo fund or other meritorious initiatives here at Valpo during this special season of giving.

If you own an IRA and are over the age of 70 1/2, you may transfer up to $100,000 directly from your IRA to Valparaiso University. If you have not taken your 2010 IRA required minimum distribution, by using this option, you likely will be able to reduce your income taxes with an IRA charitable rollover.

Even if you have already taken your required IRA distribution for 2010, you may still find the IRA charitable rollover a very convenient way to make a charitable impact because you can take your 2011 minimum distribution by January 31,2011 and count it toward your 2010 tax planning. Or, you can elect to transfer up to $100,000 ($200,000 for married couples filing jointly) to Valparaiso University any time next year prior to December 31, 2011.

For more information about this time sensitive opportunity, please call Betty Bragg, Valparaiso University Planned Giving Coordinator at 800.803.7184 x76.