Donating IRA Assets: Pending Legislation  

The Pension Protection Act of 2006, which allowed individuals aged 70½ and over to take tax-free IRA distributions annually up to $100,000 if contributed to a qualifying charity, expired at the end of 2007. Communities Foundation of Texas is monitoring legislation introduced recently to extend the provision. 

If you have any questions, please contact Jackie Franey, director of gift planning and donor relations; Debra Phares, director, donor relations; or Dwight Clasby, vice president, external affairs, at (214) 750-4222, or e-mail them at jfraney@cftexas.org, dphares@cftexas or dclasby@cftexas.org.

Let Us Know When You Give Stock  

The transfer of appreciated stock to Communities Foundation of Texas is one of the best ways to be charitable and avoid paying capital gains tax. But the foundation does not automatically learn the name of the donor when a stock transfer is made to the foundation’s brokerage account. So, please be sure to give us a call when gifting stock to the foundation. Simply call Steve Orr, vice president, investments, or Kristine Thomas, controller, at (214) 750-4222.

To learn more about how Communities Foundation of Texas can help you achieve your charitable goals, call Jackie Franey, director of gift planning and donor relations; Debra Phares, director, donor relations; or Dwight Clasby, vice president, external affairs, at (214) 750-4222, or e-mail them at jfraney@cftexas.org, dphares@cftexas or dclasby@cftexas.org.