Donate IRA Savings ~ Tax Free!

If you have savings in an individual retirement account (IRA) that you may not need during your lifetime, please consider donating it to ECOSLO. New federal legislation enables individuals to make tax-free charitable distributions in 2006 and 2007 of up to $100,000 each year from traditional IRAs and Roth IRAs.

As you know, retirement plan assets are typically subject to a heavy tax burden. Now, with this unique provision in place, you can make a gift from your IRA savings to support our mission without the tax implications. To take advantage of this opportunity, you must:

- be at least 70 1/2 years old

- make the gift before December 31, 2007, when the provision is scheduled to expire.

For more information on this and other planned giving opportunities, please contact Morgan Rafferty at (805)544-1777 or morgan@ecoslo.org.