Your Voice - Their Vote. Weigh in Now to Restore IRA Rollover - (March 2, 2010)
“One donor increased his annual gift by 10 times the usual amount, due to the IRA Rollover Provision. Others are just getting used to the possibilities the IRA Rollover provides.”
“I have personally seen the Rollover encourage larger gifts on the part of many generous individuals.”
“We depend on charitable gifts for approximately two-thirds of our annual revenue …The IRA Rollover has been instrumental in contributing to this needed support every year since it began, and this year resulted in the largest single gift ever to our orchestra.”
This week, Congress will vote on whether to reinstate the IRA Charitable Rollover provision. Add your voice to the hundreds of other messages orchestras have sent to Congress demonstrating how the IRA Charitable Rollover provision spurred new and increased giving to orchestras and thousands of other nonprofit organizations.
On December 31, 2009, the IRA Charitable Rollover expired along with a number of other tax provisions, removing an important charitable giving incentive when it is needed most. In this tough economy, every incentive for charitable giving is essential. The IRA Rollover allowed donors to make charitable contributions directly from their retirement accounts, without paying taxes on the withdrawal.
Please CONTACT CONGRESS TODAY to ask for immediate restoration of this important charitable giving incentive. The Senate is scheduled to vote this week on reinstating and extending a number of expired tax provisions, including the IRA Charitable Rollover. Even if you have spoken up before, PLEASE WEIGH IN AGAIN as Congress makes key decisions about the next wave of legislation aimed to boost economic activity.
The League has prepared an easy-to-use advocacy tool for your use, linked below. Please be sure to personalize the sample message with information about your orchestra. Thank you!
Contact Your Members of Congress Today!
The League is a member of the Performing Arts Alliance, a coalition of national performing arts service organizations dedicated to advocating for national policies that recognize, enhance, and foster the contributions the performing arts make to America