Thunderbird Lake Tahoe - Gift IRA Distribution

GIFT I.R.A. DISTRIBUTION

Thunderbird Lake Tahoe receives no government support and is funded entirely by gifts from friends like you. If you are aged 70 ½ or older, we can accept a charitable gift as a distribution from your Individual Retirement Account (IRA).

You can enjoy tax savings by making charitable gifts directly from your IRA distribution, thanks to a provision of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010.

For a charitable gift made from an Individual Retirement Account (IRA) not to be taxed as income, the following must be true:

You make the gift in 2011.
Your gifts total $100,000 or less.
Your withdrawal goes directly from your IRA to Thunderbird Preservation Society.

You do not need to itemize your taxes to benefit from such a distribution.

Please consult your tax adviser for information about the specific deductibility of IRA distributions to charity.

To make charitable distribution from your I.R.A. account, please send e-mail to AskUs@ThunderbirdTahoe.org or call (775) 832-8752.

Thunderbird Lake Tahoe is operated by Thunderbird Preservation Society, a 501(c)(3) public charity. Your contributions are tax deductible to the extent allowed by law.