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Welcome to Clara Barton Hospital




'IRA Charitable Rollover Extended for 2015 and Beyond'

Donors aged 70 1/2 or older who move up to $100,000 from their IRAs directly to qualified charities (such as the Clara Barton Hospital Foundation) will not have to pay income tax on the money.

Charitable Rollover Rules:

-The donor is age 70 1/2 or older on the day of the gift.

-The donor transfers a gift directly from the donor's IRA to Clara Barton Hospital Foundation or any other registered charity. This opportunity applies only to IRAs and not to other types of retirement plants.

-The donor pays no income tax on the gift. The transfer generates neither taxable income nor a tax deduction, so the donor benefits even if they do not itemize their tax deductions.

-The gift can satisfy all or part of the required minimum distribution for the year.

-The gift may not be used to fund a gift annuity, charitable remainder trust, donor advised fund or private foundation.

-The donor does not receive any goods or services in return for the rollover gift in order to qualify for tax free treatment.

-If a donor made a gift of up to $100,000 directly from an IRA in 2015, the gift will qualify under the new law. Please visit with your IRA custodian in order to verify your transfer in light of this new legislation.

Please contact Michelle Moshier with any questions at (620) 653-5012 or mmoshier@clarabarton.hpmin.com

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