Congress helps donors make gifts to support Yale School of Medicine
Congress has passed the Emergency Economic Stabilization Act of 2008, which makes it easier for owners of individual retirement accounts (IRAS) who have reached the age of 70 or older to make qualified charitable distributions directly from their IRA to charities such as Yale School of Medicine.
Such individuals may now transfer up to $100,000 directly from the an IRA to the School of Medicine. These distributions are not subject to federal income tax and can satisfy minimum distribution requirements; the program is effective for charitable transfers made during 2008 and 2009.
In these challenging economic times, the IRA Charitable Rollover may provide a tax-efficient means for you to support medical education, biomedical research or patient care at the Yale School of Medicine.
For more information about this opportunity or other giving opportunities, visit www.yaletomorrow.yale.edu/medicine or contact Jancy Houck, associate vice president for development and director of medical development, at 203-436-8560.
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