Contact Information
106 East College Avenue
Suite 820
Tallahassee, FL 32301
888-838-ABLE
(toll-free in Florida)
850-224-4493 Voice or TDD
850-224-4496 Fax
Email:info@abletrust.org
Questions or Comments?
Email the webmaster.
On August 17, 2006, the President signed the Pension Reform Bill that included an important charitable gift option. Now, anyone over 70 ˝ can rollover an IRA (Individual Retirement Account) to The Able Trust with no tax consequences. The amount is limited to $100,000 and this provision is good for 2006 and 2007 tax years.
You may appreciate the desire of Congress to assist in charitable giving by permitting current IRA rollover gifts to charity. However, perhaps you are already making good use of your IRA income and may be interested in helping charity in the future rather than right now.
There are several ways that you can make a future gift of your IRA to The Able Trust. One option is to designate The Able Trust as the beneficiary of your IRA. This permits you to continue to take withdrawals from your IRA during life and then leave the remaining value of your IRA to benefit citizens with disabilities.
Another option is to make a future gift of your IRA to The Able Trust while providing life income to your heirs. Your family will receive fixed payments based on age at rates that can be as high as 11.3 percent.
An IRA could also be transferred to a special “Give It Twice” trust that usually provides income to children for a period of up to 20 years. After that time, the trust may pass to The Able Trust, creating a wonderful way for you to make a charitable gift.
Our endowment department can help you determine the best option for you when planning on making a charity gift. Please contact Mike Campbell at 1-888-838-2253 for more information.
