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Encore! Charitable IRA Legislation Passed
Great news!
The IRA Charitable Rollover has been renewed and extended to December 31, 2009, so you can still make a 2008 gift. This provision offers a wonderful way to support scholarships, research or other MCC programs that are important to you.
About the legislation:
- Exclusively for donors who are 70 1/2 or older
- It's a simple, one-step distribution from your IRA to the University
- Charitable IRA distributions are limited to a total of $100,000 per year
- The gift counts toward your required minimum distribution for the current tax year
- Your taxable income is not affected, because no taxes are due on the distribution
- You can still make a 2008 gift
To ensure that you don't miss this limited-time opportunity and to find out more, please email Lennetta.Coney@mcc.edu or call (810) 762-0425.
Thank you for your continued support of MCC. |
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