Are you searching for ways to make a meaningful gift to Trinity’s HUG campaign? Charitable giving rules have changed for IRA owners. If you are 70 1/2 years or older and currently withdrawing required taxable minimum distributions from IRA accounts, you may wish to take advantage of recent legislation (2006 Pension Act) signed into law by President Bush on August 17, 2006.

You can now make a “qualified charitable distribution” of up to $100,000 directly from an IRA to a qualified charity. While these qualified charitable distributions are only presently available for the tax years 2006 and 2007, they are free from federal income tax, and can be used to count toward satisfying the minimum distribution requirements of your IRA for that year.

If you fit this profile, we encourage you to contact your IRA advisor and tax advisor to determine if this provision is appropriate for you.