Gifts from IRA

The federal IRA Charitable Rollover Law will expire on December 31, 2009. This means that you still have time to move up to $100,000 from your IRA directly to the Metropolitan Opera without paying income taxes on the money.

There are specific requirements that must be met, including:

• You must be at least 70 and a half at the time you make the gift;
• The gift must be made directly to the Met from your traditional or Roth IRA;
• You must decline any benefits that have a monetary value.

The Met’s planned giving office is here to talk with you and your advisors about how this change may apply to you. Please call us at 212.870.7388 or email us at encoresociety@metopera.org