Pension Protection Act
In tough economic times, a smart way to save on taxes!
People who are 70 ½ or older still have an opportunity to substantially save on taxes thanks to the extension of the Pension Protection Act.
You can make a direct transfer of up to $100,000, from your traditional Individual Retirement Account (IRA) or Roth IRA, to a qualified charitable organization such as the American Friends of Bar-Ilan University, without paying any taxes on it.
The provision has been extended through December 31, 2009, but in these tough economic times, now is the smartest time to secure tax savings. Your gift will be especially appreciated now because the turmoil in the financial markets is further straining Bar-Ilan University’s already tight budget and putting scholarships, academic programs and important research work at risk.
For further information about this exceptional opportunity to benefit financially while creating a brighter future for students at the fastest growing university in Israel, please contact:
Gil Jacobson, Esq., National Director of Planned Giving
American Friends of Bar-Ilan University
160 E. 56th Street
New York, NY 10022
888-752-6649 * firstname.lastname@example.org.
Please note: information provided in this card is not intended to constitute legal advice or a legal opinion.
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