School Tuition Organization of SOUTHEAST IOWA

Recent legislation provides exemptions from taxable income any funds transferred (“rolled over”) from an Individual Retirement Account (IRA) to a charitable organization. The following limitations apply:

The donor must be age 70½ or older.

• The cap on annual IRA rollovers is $100,000.

• The contribution must be a direct gift to a charity (no planned gifts).

The provision is retroactive to Jan. 1, 2008, and will apply to gifts made from that date through Dec. 31, 2009.

To make an IRA Rollover gift to the School Tuition Organization of Southeast Iowa, please provide your broker/financial institution with our non-profit’s federal tax ID #20-5272797.