IRA Rollover Made Permanent Development staff attended the annual meeting of the Planned Giving Council of New Hampshire and Vermont. One of the topics was an update on the IRA Charitable Rollover, presented by Daphne Moritz, Esq., of the law firm of Sheehey Furlong and Behm PC. The IRA Charitable Rollover was first enacted in 2006 and expired and was reinstated multiple times before being made permanent at the end of 2015. Individuals who are 70 ½ and over are required to take annual distributions from their IRAs, which are then included in their adjusted gross income and subject to taxes. But the IRA Rollover permits those taxpayers to make donations directly to qualified charitable organizations without counting them as part of their AGI, and consequently, without paying taxes on them. Since the provision was first enacted, Americans have made millions of dollars of new contributions to nonprofits that benefit people every day. If you have any questions about the IRA Charitable Rollover and how it could benefit Springfield Hospital, please contact your financial advisor or Larry Kraft at 802-885-7644.