Tax Incentive Tax Incentive

The Pension Protection Act of 2006 encourages financial support of charitable organizations across the United States by providing tax incentives for donors
70 1/2 or older. The new law allows you to make a lifetime gift, from your IRA, without tax implications.

"I appreciate the benefits the Pension Protection Act provides for me in being able to access my IRA funds without penalty to reach my goal of establishing a Clark College scholarship endowment. As a community member, I recognize this as a monumental opportunity to support the outstanding value that Clark College provides for students as well as the greater community. I would encourage everyone to take advantage of this brief window of opportunity which will end in December 2007."
—Vernon F. Peterson, donor and Foundation Board member
You May Contribute This Way If:
You are 70 1/2 years of age or older
  • Your gift is $100,000 or less each year
  • Your gift is made on or before December 31, 2007
  • You transfer funds directly from your IRA or Rollover IRA
  • You transfer the gift outright to one or more public charities
Make a gift

­You may wish to consult a tax prof­essional before making a gift under this new law. For more information about making a gift to the Clark College Foundation, contact the Foundation's Director of Major and Planned Gifts, Daniel Lee, at dlee@clark.edu or 360.992.2542.