Mr. Smith, age 75, has accumulated approximately $2,000,000 in his IRA accounts. He has other sources of wealth and has plans to leave a sizable estate to his heirs and charity. Under this law, Mr. Smith can create a fund at the community foundation to address the causes he cares about most by transferring IRA funds tax free. Mr. Smith can transfer up to $100,000 in 2015. In addition, if Mr. Smith is married, his wife can also make similar gifts from her IRA accounts, impacting the community in ways personal, unique and enduring.
December 21, 2015

Posts Categorized: ira

To make an IRA distribution through the Community Foundation, or to learn more, please call the Foundation at (518) 446-9638. There is good news for Community… Read more »

Read More
December 22, 2014

Posts Categorized: ira

President Barack Obama has signed House Resolution 5771 into law. Among the other provisions in this bill, the IRS benefit for charitable Individual Retirement Accounts (IRAs)… Read more »

Read More
Amy O'Connor Anthony Capobianco Community Foundation
December 10, 2013

Posts Categorized: ira

This post by Anthony J. Capobianco, ChFC, CLU, Principal, Capobianco Financial Advisors, and Amy S. O’Connor, Esq., Shareholder, McNamee, Lochner, Titus and Williams, P.C. Both Mr. Capobianco and Ms. O’Connor provide leadership to… Read more »

Read More