Charitable IRA Rollover

The tax law signed on December 17, 2010 renews the opportunity for making tax-wise gifts to Smile Train and other charities. Passage of this law, the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, is good news for many donors who can afford to make charitable gifts using their IRA accounts.

From now through December 31, 2011, individuals age 70½ and older may make gifts from their traditional IRA accounts directly to Smile Train and other qualified charities without being subject to Federal income tax on the IRA withdrawal.

There are several things of significance that you should know about the new IRA Provision, so we encourage you to consult your own legal or tax advisor to see how you may be affected by the new law.

Please note - this is not intended to be legal or tax advice. However, The Charitable IRA Rollover is an excellent way to support Smile Train and, perhaps, make a larger gift to Smile Train than you would have thought possible.

If you have questions, please call our Donor Engagement Department at 1-800-932-9541.