Support Ripon College by giving through a Donor
Advised Fund (DAF)

A DAF is an exellent and tax-efficient way to give to charity. There are several big advantages to using a DAF as opposed to giving cash.

  • You get a tax deduction in hte year that you donate to the fund that you control.
  • You can give from the fund to charities of you choice years later.
  • You can donate euities that have appreciated and nobody owes capital gains tax.
  • Your donated money can remain invested in index funds.

IRA Rollover Update:

If you are 70½ or older, you may be interested in a way to lower the income and taxes from your IRA withdrawals. With an IRA charitable rollover, you can benefit yourself and help us continue our mission.

Learn More

Receive income for life and transform students' lives:

Are you looking for a secure source of fixed income for now or in the future and want to support Ripon? A Charitable Gift Annuity could be a solution.

Become a Partner in the Legacy at Ripon College

There are several easy ways to include Ripon College in your long-term plans such as designating Ripon College as a beneficiary of your:

  • Will
  • Living Trust
  • Life Insurance
  • Retirement Assets

Transform your Assets into Life Changing Gifts

Consider contributing:

  • Appreciated Stock
  • Retirement Accounts
  • Real Estate
  • Other Assets
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Saturday May 25, 2019

Washington News

Washington Hotline

Senators Thune and Casey Support CHARITY Act

On May 15, Senators John Thune (R-SD) and Bob Casey (D-PA) introduced the Charities Helping Americans Regularly Throughout the Year (CHARITY) Act. The bill expands giving options for IRA charitable rollovers and addresses other charitable provisions.

The CHARITY Act includes four major provisions. If it is passed by the House and Senate and signed by the President, it would generally permit donors over age 70½ to transfer up to $100,000 per year directly from an IRA to a donor advised fund. Second, the act would simplify the excise tax paid by private foundations on investment income.

Volunteers who drive their vehicles on qualified charitable trips can currently deduct $0.14 per mile. That charitable mileage amount would be increased to the same rate as is currently permitted for medical and moving expenses. The medical and moving expense rate for 2019 is $0.20 per mile.

Finally, the CHARITY Act requires nonprofits to file their annual tax returns electronically. While nonprofits are exempt and ordinarily do not pay tax, they must file an information return each year.

Editor's Note: While the CHARITY Act has not yet passed, it is encouraging to see Congressional support for philanthropy and, especially, the existing IRA rollover. Americans over age 70½ should consider making an IRA rollover gift in 2019. The IRA charitable rollover is a great planning option for eligible IRA owners who are among the 90% of Americans who do not itemize. Because the IRA rollover qualifies for part or all of an IRA owner's required minimum distribution (RMD), IRA owners can make gifts from their IRAs, reduce their tax bill from their RMDs and still take the full standard deduction. For all donors, the IRA rollover is a convenient way to make gifts in 2019.

Published May 17, 2019
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