Kaitlin Mulderig—Director of Development
The Bentley School—Oakland, California
United States
Public Policy
United States

Latest News

House Passes Bill Permanently Extending IRA Charitable Rollover

On Feb. 12, the U.S. House of Representatives passed the America Gives More Act of 2015 (H.R. 644), a bill that includes a permanent extension of the IRA Charitable Rollover. The vote was 279-137.

Prior to its expiration on Dec. 31, 2014, The IRA Charitable Rollover allows taxpayers age 70 ½ or older to make tax-free charitable gifts of up to $100,000 per year directly from their Individual Retirement Accounts to eligible charities, including colleges, universities and independent schools. In Dec. 2014, Congress passed and President Obama signed legislation that retroactively extended the provision through the end of 2014. If enacted, H.R. 644 would permanently extend the IRA Charitable Rollover, eliminating the annual uncertainty about whether the IRA Charitable Rollover will be extended. The bill also permanently extends deductions for contributions of food inventory and conservation easements.

While H.R. 644 passed the House, its fate in the U.S. Senate and beyond remains uncertain. The White House has issued a Statement of Administration Policy (pdf) indicating that President Obama would veto the bill if it reaches his desk. Though supportive of the IRA Charitable Rollover and other charitable incentives in the bill, President Obama and most Democrats object to the fact the bill is not include revenue-raising offsets.

CASE will continue to monitor H.R. 644 and will urge lawmakers to pass an extension of the IRA Charitable Rollover as soon as possible.

Updated Feb. 13, 2015

U.S. Legislative and Regulatory Affairs

For further information about CASE's public policy efforts, contact Brian Flahaven, director of legislative, foundation and recognition programs, at flahaven@case.org or +1-202-478-5617.


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