Charities May Request Change in Classification for IRA Donations

November 14, 2006 – The IRS has issued Announcement 2006-93 providing procedures for certain tax exempt organizations to change their charity classification in order to qualify to receive charitable donations from IRAs. The IRA charitable donation is a temporary provision of the Pension Protection Act of 2006 effective only for 2006 and 2007, and is available to individuals age 70½ and older. The IRS announcement may be accessed as follows.
http://www.irs.gov/pub/irs-drop/a-06-93.pdf