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Water, Land, Life
WPC enewsletter

January 2010

Gift Planning: A New Opportunity in 2010

IRA

Starting in 2010, you can roll your traditional Individual Retirement Account (IRA) into a ROTH IRA regardless of your income. If you wish to take advantage of this new rule, a gift to the Western Pennsylvania Conservancy can help you to make a significant impact on Western Pennsylvania’s quality of life and offset your tax obligations with the charitable deduction that you will receive.

Rolling a traditional IRA into a ROTH IRA may be a great way to not only grow your retirement account assets tax-free, but also to leave a legacy of tax-free income for your heirs. However, since you have to claim the value of the transferred IRA assets as income on your income taxes, this can create a new set of financial challenges for you…but also a great opportunity to support the Western Pennsylvania Conservancy!

You may wish to make an outright gift of cash or appreciated securities to the Western Pennsylvania Conservancy, donate a conservation easement, or create a charitable gift annuity (CGA) with us that will pay you a fixed income for life.

A CGA is a simple contract between you and WPC where, in exchange for a gift of cash or appreciated securities, WPC agrees to pay you a fixed annuity payment for life. You will receive a charitable deduction for a portion of your gift that you can use to offset your tax liabilities.

Besides a standard CGA, WPC offers two variations of the charitable gift annuity for donors who do not currently need the income, but wish to start payments later at a higher annuity rate. These are the deferred charitable gift annuity and the flexible gift annuity. For more information on CGAs and to access our free online calculator, click here.

We would be delighted to discuss your gift intentions with you and your financial advisor. Please contact Carey Miller, Director of Development, at 412-586-2356 or cmiller@paconserve.org.

Please note: The information contained on this or any WPC web site is not intended as legal or tax advice. Any U.S. federal tax references contained herein are not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Persons considering entering into a planned gift arrangement to support WPC’s mission should consult with their personal legal and/or tax advisors for guidance

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