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Congress passed a law we like!
Yes, you read that right.
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If you are 70.5 or better and this type of gift sounds right for you, here are the things you’ll need to know when you contact your IRA administrator:
• The Institute for Justice is a 501(c)(3) organization under the IRS code.
• Our tax ID number is 52-1744337.
• Our legal name (for the distribution check) is Institute for Justice.
• Please ask them to include your name with your generous donation.
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The Pension Protection Act of 2006 permits traditional and Roth individual retirement account (IRA) owners who are at least age 70.5 on the date of the distribution to transfer up to $100,000 tax-free until December 31, 2007, to charitable organizations like the Institute for Justice. This allows you to fulfill all or part of your required minimum distribution without increasing your taxable income and to reduce your taxable estate.
Making a donation through the Pension Protection Act, or including IJ in your estate plans in some other way, qualifies you for membership in our Four Pillars Society, named for IJ’s four pillars of litigation—economic liberty, property rights, free speech and school choice. This society is a special group of IJ friends who have chosen to provide us with financial support beyond their lifetimes.
If you would like more information about how to leave a legacy of liberty, please call or email Melanie Hildreth at (703) 682-9320 ext. 222 or mhildreth@ij.org, or visit www.ij.planyourlegacy.org.
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