IRA gifts to charity make a return

View Hope's IRA email

The nonprofit industry and advocacy groups fought for two long years to protect the charitable tax deduction.  After a long, hard fight, not only did Congress and the President preserve the charitable tax deduction, but they also revived the Qualified Charitable Distributions IRA clause retroactive to 2012. 

What is a Qualified Charitable Distribution?

Under prior law, an IRA owner age 70½ or older could transfer up to $100,000 annually from an IRA to a qualified charitable organization without paying any tax on the distribution. (The annual exclusion limit was effectively doubled to $200,000 for a married couple.) The distribution wasn't deductible either – so it amounted to a "tax wash" – but this was a good way for older taxpayers to give to charity without exhausting other funds. Even better, the payout counted as a required minimum distribution (RMD).

Read more from AccountingWeb

Although the original provision expired at the end of 2011, with the passage of the American Taxpayer Relief Act of 2012, the provision was retroactively extended.  As a result, individuals can still make a Qualified Charitable Distribution for 2012, as long as they get the transfer done before January 31, 2013. 

Now is the time to get the word out on this opportunity. 

'Triple Your Gift' Challenge

February 10th through March 26...

Your donations will three times the impact upon the children served by The Hope Institute!

A generous supporter has challenged The Hope Institute to raise as much money as possible over the next 45 days in an effort to increase awareness and support for our organization. As a result, for every $1 that you donate to the children of Hope, this supporter will match on a 2-to-1 basis.

That means every gift will instantly triple! A gift of $5 will be matched with $10 to become $15. A gift of $10 will become $30. A gift of $15 will become $45.

Just think of the impact your gift to The Hope Institute could make if it were tripled…

Your support of The Hope Institute is one of the most rewarding investments you’ll ever make. It’s an investment in the promising futures of 26,000 children statewide that Hope impacts each year.

Click below to make a single Gift of Hope

Become an Angel of Hope - Establish a monthly gift to Hope below

Place Amount of Donation: $

Donations may also be sent to:
The Hope Institute for Children and Families, 15 East Hazel Dell Lane, Springfield, Illinois 62712.
Thank you for your support of the children of The Hope Institute!

Press Release: The Hope Institute chosen as select charity for the Chicago premiere of "Billy Elliot the Musical"

The Hope Institute's Tom LeClair gains fame nationwide

The State Journal-Register published an article on The Hope Institute's Chief Development Officer, Tom LeClair, this past week.  The story has been picked up by Gatehouse Media agencies nationwide, serving as a testament to the selfless actions of Mr. LeClair.  Tom's story has been published across more than 70 news agencies throughout the nation. 

Original December State Journal Register Article

Illinois

• Brookfield Suburban Life
• Glen Ellyn News
• West Chicago Press
• Daily American - West Frankfort
• Wheaton Leader
• LaGrange Suburban Life
• Lemont Reporter
• Clay County Advocate Press
• DuQuoin Evening Call 
• St. Charles Republican
• Lombard Spectator
• Westmont Prgoress
• Berwyn Life
• Woodridge Reporter
• Bloomingdale Press
• State News - Freeport, IL
• Lincoln Courier
• Daily Register - Harrisburg

New York

• Observer Dispatch - Utica
• Evening Times, LittleFalls

Massachussetts

• The Enterprise - Brockton
• Taunton Daily Gazette
• Metro West Daily News - Framingham
• Burlington Union - Concord

Ohio

• Times-Reporter - New Philadelphia

California

• Gridley Herald

Missouri

• Lake News - Osage Beach/Camdenton
• Rolla Daily News - Rolla
• Boonville Daily News - Boonville
• Macon Chronicle

Delaware

• Sussex Countian - Georgetown
• Dover Post

Other Locales
Helena Daily- Helena, AR
Siftings Herald - Arkadelphia, AR
La Junta Tribune, LaJunta, CO
Norwich Bulletin - Norwich, CT
Bastrop Daily Enterprise -  Bastrop, LA
Leesville Daily Ledger - Leesville, LA.
Cheboygan Daily Tribune - Cheboygan, MI
Crookston Times - Crookston, MN.
Echo Pilot - Greencastle, PA
Wellsphere.com

Plus atleast 28 other papers not including coverage in September and October.

Ambassadors of Hope are inducted.

Our newest Ambassadors of Hope were inducted last evening at the Governor's mansion in Springfield.  These gentlemen "dress to impress" and are generous in their support of the children of The Hope Institute for Children and Families. Learn more about the Ambassadors in this December, 2009 coverage from WICS TV 20.