CHARITABLE IRA ROLLOVER extended for those 70 ½+ — BUT ONLY THROUGH DEC. 31, 2014!
The Charitable IRA Rollover was signed into law last week. Donors age 70 ½ and older may now transfer up to $100,000 from their IRA to a qualified public charity. This provision is in effect only through December 31, 2014, so if you want to take advantage of this, you will need to act now!
The transfer is not subject to federal income tax and qualifies for the donor’s 2014 required minimum distribution (RMD).
The reauthorization of the IRA charitable rollover is retroactive to January 1, 2014, and effective through December 31, 2014.
A few other details:
If your spouse has IRA accounts, you may each make gifts of $100,000 from these accounts.
While you cannot claim a charitable deduction for IRA gifts, this distribution from your IRA counts toward your minimum required distribution for the account and does NOT trigger income tax for you. It is a tax free transfer from your account directly to the Keewaydin Foundation.
How to complete this rollover gift:
Contact your IRA Provider to authorize the qualified charitable contribution from your IRA #____. Tell them to authorize a check in the amount of $— payable to KEEWAYDIN FOUNDATION, EIN 04 272 1019. Indicate to your provider that this distribution must occur before December 31, 2014, and all gifts must be postmarked no later than December 31, 2014.
Please contact Lauren Geiger at 802.238.2733 for more information. Thank you!
Give a Keewaydin L.L. Bean Flannel to Your Favorite Keewaydinessi!
L.L. Bean’s Scotch Plaid Flannel Shirts are some of the softest, longest wearing, most comfortable flannel shirts you can buy, and now they are complete with Keewaydin’s moose and paddles.
Perfect for staying warm and feeling light in the dark and blustery months ahead.
Visit the Camp Store for that unexpected holiday gift or for one of your very own! https://www.keewaydin.org/parents/camp-store/
The Memorial Service to celebrate the life of Daniel Carpenter, Sr. will take place in the Phillips Stevens Chapel on the campus of the Williston Northampton School, Easthampton, MA, at 1:00 PM, on Sunday, October 20, 2013. Speakers will include representatives from the family, Williston, and Keewaydin. Following the service, all are welcome to attend a reception where people will have the opportunity to socialize, reminisce and speak with Dan’s family and others.
Knowing how many lives Dan touched, the School requests that you please RSVP (with the total number attending) so that we can prepare appropriately. Please contact Liz Cheney ([email protected], 413-529-3074) by October 14th.
This fall five Songadeewin staff have hit the trail, hiking the oldest long-distance hiking trail in the United States. The Long Trail runs the length of Vermont; beginning near Massachusetts and ending on the border of Canada, totaling 272 miles. These women are only part way through their journey, with 134 miles to go! To see more photos and check up on the status of these intrepid hikers see Songa’s Facebook page!