Donating to Pocahontas Community Healthcare Foundation
Use your IRA as Never Before.
President Bush signed into law a new tax incentive on August 17, 2006 for charitable gifts from donors 70-1/2 years or older. The Pension Protection Act of 2006 encourages financial support of charitable organizations across the
United States.
Under the law, a lifetime gift using funds from your Individual Retirement Account (IRA) can be made without undesirable tax effects. Previously you would have had to report any amount taken from your IRA
as taxable income, then take a charitable deduction for the gift, but only up to 50% of your adjusted gross income. In effect, this caused some donors to pay more in income taxes than if they didn't make a gift at all.
Fortunately, now these IRA gifts can be accomplished simply and without tax complications, plus you can make the gift now while you are living and able to see the benefits of your generosity.
You May Contribute Funds This
Way If:
1. You are age 71-1/2 or older.
2. You make the gift on or before Dec. 31, 2007
3. The gift is $100,000.00 or less each year.
4. You transfer the gift outright to one or more public charities, but not supporting the
organizations or donor advised funds.
5. You transfer funds directly from an IRA or Rollover IRA.
6. You cannot receive benefits from us in exchange for the gift.
How To Make Your Donation
Pocahontas
Community Healthcare Foundation is a non-profit organization eligible for donations. You may contact your IRA agent to transfer your desired amount. A gift given to the Pocahontas Community Healthcare Foundation is matched by
Medicare reimbursements at a rate of 50%.
For More Information
Consult your tax professional to discuss your gift if you are considering this donation. For further information about any gift, please either contact
James Roetman, Administrator or Pocahontas Hospital, or one of the Foundation board Members. Remember, your contribution is tax deductible to the extent of the law.
Send Contributions To
The Pocahontas
Community Healthcare Foundation
606 NW 7th St
Pocahontas, IA 50574
712-335-3501