Introducing HIAS Legacy Society

SPECIAL ALERT: THE IRA - CHARITY ROLLOVER IS BACK, BUT ONLY THROUGH DECEMBER 31, 2014

Special legislation (Tax Increase Prevention Act of 2014) just enacted by Congress (awaiting the President's signature) restores the IRA-Charity Rollover but only through December 31.

If you have not taken your required minimum distributions yet or are about to make your charitable gifts for 2014, you have a small window to take advantage of this tax benefit.

  1. The distributions (not to exceed a total of $100,000.00) from your IRA to charities must be paid directly to those beneficiaries by December 31.
  2. You must be at least age 70½.
  3. You cannot obtain any economic benefits from these charitable gifts.  They cannot be used for a charitable gift annuity, a charitable remainder trust or contributed to a donor advised fund or private foundation.
  4. If you have a 401(k) or other type of qualified plan, you must first make a tax-free rollover of funds to an IRA and then make your charitable distributions.

The withdrawal from your IRA for direct distributions to charities will not be subject to income taxes.

If you do not itemize deductions, this is a way to get tax benefits for your charitable gifts by avoiding income tax on IRA withdrawals.

TIME IS SHORT! Take advantage of the IRA Charity Rollover by December 31. 


We are proud to introduce our new planned giving program — HIAS Legacy Society. Launched in July 2014, the HIAS Legacy Society combines our previous planned giving programs - the HIAS Heritage Society and the Vladimir Schah Society - whose members will be included in this new Society established to honor those who have secured HIAS’ mission and financial future through planned gifts.

Some of our donors have shared with us that “HIAS is a magical name in their house”. They are forever grateful for the help that they received and would like to give back so that others are given the same chance. HIAS Legacy Society ensures that HIAS will always be there from generation to generation; protecting refugees whose lives are in danger for being who they are, and helping them build new lives in safety and freedom.

HIAS Legacy Society offers giving opportunities through a variety of financial, estate, investment and philanthropic planning vehicles. We will partner with you to find customized solutions that integrate your philanthropic and financial planning needs.

Becoming part of HIAS Legacy Society is a powerful way for you to ensure the future of HIAS, while also meeting your personal planning objectives.

Please contact Sabine McMullen, Director, Special Fundraising Campaigns, with any questions at 212- 613-1366 or plannedgiving@hias.org.