The extension of the Individual Retirement Account (IRA) Charitable Rollover was signed into law as part of the $700 billion economic bailout bill. Qualified individuals are those over 70 1/2. The legislation permits a donation of up to $100,000 to qualified non-profits from IRAs and Roth IRAs without having to count the distributions as taxable income. Couples may give up to $200,000.
The Law Center—through the LSU Foundation—is one such qualified recipient.
The IRA disbursement MUST come directly from the Administrator of the qualified retirement plan and should be sent to the LSU Foundation for benefit of the LSU Law Center.
For more information on the IRA Charitable Rollover, visit the LSU Foundation Website.
Your gift is an investment in our future of LSU Law.