Welcome to Henry County Community Foundation
The Henry County
Community Foundation, Inc.
is a public trust which secures permanent funds
for philanthropic purposes.
Henry County Community Foundation has distributed
over $10,000,000 back into the community, helped over 2400 students, sponsors several annual events, and has granted multi-year grants for the construction of buildings throughout Henry County since 1985.
To learn more about us, click here!
IRA Rollover to Charities
As a part of the Emergency Stabilization Act of 2008 (H.R. 1424), IRA owners age 70 1/2 or older can make a direct transfer to charity. The gifts must come from an IRA, not a SEP or other employer-sponsored plan. The transfer may be up to $100,000 per person per year. These funds can be used to create a scholarship or other endowed fund, make a gift to an existing fund or even pay an existing pledge.
As a reminder, these funds do qualify as your required minimum distribution for the year. It is not permissible to receive a further charitable deduction for this gift, since the funds will not be taxes upon distribution.
For the full story for those interested in establishing a permanent legacy in this community with this opportunity of a lifetime to make the gift of a lifetime press here.
|