Thank you PPP for your announcement – click the picture to see it. Yes, we are inching towards an IRA giving law again but this time it looks like it will be for good (i.e. no longer up for grabs each year).
This is great news. Sure, you have almost no time to reach your donors this year – we will be lucky if we know for sure by Friday. But, we can get a jump on next year and beyond, and maybe get a few gifts in by year’s end.
Why I am so encouraged is that the oldest baby boomers are just starting to turn 70 in 2016 and they are prime candidates for this giving option so the fact that the law should become permanent is great news.
My planned giving boot camp students asked what are the immediate next steps (AS SOON AS IT IS SIGNED INTO LAW)?
- Call/email anyone you know who has used the IRA giving provision in the past!
- Email blast away! Time sensitive headline – act by December 31 to make your tax-free IRA gifts!
- Even if these efforts are a little late, they will certainly help for next year and beyond.
- Start planning a post card or newsletter or more email blast or ads in your publications – anything to catch people’s attention and open their eyes to this nifty new way of giving (if they are the right age, of course!)