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We encourage donors to consider talking with their financial
planner, lawyer, accountant or insurance agent about arranging a planned
gift to benefit A Wish Come True, Inc.
A memorial gift can be arranged in your will, the same
way you would bequest a personal gift from your estate. There are also
different kinds of charitable trusts you can arrange in order to donate
the trust's income while receiving tax benefits. Your advisor can make
sure you are receiving the maximum tax and legal advantages allowed for
your gift.
If you do not have an advisor or are looking for more
information as to how this program could benefit you and the children of A
Wish Come True, please contact:
Antonio Lawrence Oliveira
Senior Financial Advisor
Merrill Lynch - Global Private Client Group
One Citizens Plaza Suite 1000
Providence, Rhode Island 02903
(tel) 800-937-0710 ext. 8716 / 401-863-8716
(fax) 401-863-8718
(email) Antonio_Oliveira@ML.com
(web) www.ml.com
A number of
philanthropic strategies are available for individuals to direct their
wealth in ways that reflect their values and beliefs, meet personal
financial goals and objectives, and provide important tax benefits.
This process
involves a significant amount of planning with one's advisors. As you
prepare a plan, one strategy you should consider is to make a tax-free
charitable distribution from your traditional or rollover IRAs.
Who
Qualifies For This Strategy?
- You must be
70.5 years old or older at the time of the distribution.
- You may
distribute any amount up to $100,000 per year in tax years 2008 and 2009.
- You and
your spouse may take combined distributions up to $200,000, provided each
of you owns at least one IRA, is at least 70.5 years old at the time of
the distribution and can make a qualified charitable distribution up to
$100,000 from your respective accounts.
- You may
distribute from your traditional IRA and IRA Rollover. Distributions may
not be made from simplified employee pension (SEP) and savings incentive
match plan for employees (SIMPLE) IRAs.
Where Can
You Direct Contributions?
- The
distribution proceeds must be paid by check directly to the charity (A
Wish Come True, Inc.).
- Charities
must receive the distribution by Dec. 31, 2008, for it to qualify for
tax-free status in tax year 2008. The deadline is Dec. 31, 2009, for tax
year 2009.
A Wish
Come True, Inc. has information on tax-free charitable distributions
from your IRA accounts - please call (401) 781-9199, and we'll send
you a simple form to fill out and return to us. Thank you for
considering our children!
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