In 2006, Congress created an enhanced easement incentive that allowed thousands of older Americans to make direct gifts to charitable nonprofits like DU from their Individual Retirement Accounts without suffering adverse tax consequences. These gifts ranged from $100 to $100,000 and provided critical support for nonprofits during the difficult economic climate.
That changed on Dec. 31, 2009, when the IRA Charitable Rollover provision that permitted these tax-free gifts expired, leaving older Americans unable to make gifts to support charitable work from their IRA accounts unless they are also able and willing to pay taxes on those gifts. The loss of these valuable gifts has diminished DU's ability to achieve its conservation mission across the country.
DU encourages you to contact your U.S. senators and representatives in an effort to encourage this lame duck Congress to make the enhanced easement incentive permanent. "A strong push from DU members could make a big difference in how this lame duck Congress moves on the easement incentive legislation," said Bart James, director of public policy at DU's Governmental Affairs office in Washington, D.C. "We encourage DU members and their friends to contact their senators and ask them to support this legislation."