Urge Senate to Vote on IRA Rollover
August, 14, 2014
Ask your Senators to take action in September to support charitable giving incentives. Nearly one month ago, the U.S. House of Representatives passed the America Gives More Act (H.R. 4719), a set of five charitable giving provisions that includes permanent reinstatement of the IRA Charitable Rollover. This giving incentive has been proven to boost the impact of nonprofit organizations in communities nationwide by permitting donors aged 70-1/2 and older to make tax-free charitable gifts directly from their retirement accounts.
While Senators are home in their states this month, please urge them in person and in writing to take up permanent reinstatement of the IRA Rollover when they reconvene in September. Helpful resources to share with your Senators include:
·A letter signed by over 850 organizations in July that articulates the need for permanent reinstatement of the charitable tax extenders
·A profile of the community and economic impact of the nonprofit sector in your state
·The League’s orchestra-specific issue brief on the IRA Charitable Rollover
Orchestras across the country weighed in to help secure House passage of H.R.4719 – it’s now time to turn attention to the Senate. There is a small but critical window of time for the Senate to act on the House-passed bill and they need to hear from their constituents how important and pressing the needs of the community are.