News for Tuesday, January 22, 2013
Two New Ways to Support SAR
SAR relies on many forms of support to provide a dynamic environment for exceptional social scientists, artists, and humanists to investigate topics of fundamental human concern and share their work with others. From participation in our membership program to gifts towards the annual giving campaign, each contribution makes the valuable work of the School possible. We are therefore pleased to be able to share two new opportunities for our supporters to help the School:
The American Taxpayer Relief Act
The American Taxpayer Relief Act of 2012, signed into law earlier this month, includes an opportunity for those 70½ and older to give to charity from an IRA through calendar year 2013.
Congress additionally announced a “January Sale” on gifts made from traditional or Roth IRAs. IRA gifts that were made to charity before February 1st, 2013, will be deemed to have been made in 2012 for tax purposes. This means it is possible to make IRA rollover gifts of up to $200,000 in 2013. This IRA rollover is a great way for people to make a charitable donation to SAR while paying less in taxes.IRA-qualified charitable distributions:
- Are tax free up to $100,000;
- Will qualify for all or part of the required minimum distribution;
- May only be made by an IRA holder who is 70½ or older at the time of the gift;
- Must be an outright gift to a charitable organization such as SAR;
- May only be made from traditional IRAs and Roth IRAs.
Please contact Elizabeth Brando, Vice President for Development, at (505) 954-7238 or brando[at]sarsf.org if you would like to learn more about making a charitable distribution to SAR. As always, you are encouraged to speak with your tax professional regarding the tax implications of an IRA gift to SAR.
TIAA-CREF Charitable Benefit Rider
As of this year, SAR is on the list of eligible nonprofit institutions that can be named as designated beneficiaries of a TIAA-CREF life insurance policy. Importantly, this benefit is an additional rider that is free to the policy holder. The Charitable Benefit Rider pays a supplemental death benefit, over and above the base policy death benefit, equal to 1% of the policy’s face amount.
Supporters of SAR who are planning to purchase a TIAA-CREF life insurance policy, or who already have a policy with a Charitable Benefit Rider, might consider naming SAR as the rider's beneficiary. It's a great way to help the School.
Please contact Laura Sullivan, Director for Development, at (505) 954-7238 or sullivan[at]sarsf.org if you would like to learn more about how the TIAA-CREF Charitable Benefit Rider can support SAR, or if you have other questions about giving to the School.