Hudson River Stewards: Scenic Hudson's Planned Giving Society

The Pension Protection Act has been extended until Dec. 31, 2009

In 2006, Congress took important steps to strengthen America's retirement system while also encouraging additional charitable giving. The Pension Protection Act of 2006 may offer you new opportunities for tax-free charitable giving.

Of special note, the new law includes incentives for those 70.5 years of age and older who would like to make charitable gifts from potentially taxable Individual Retirement Account (IRA) funds. Through 2008 and 2009, Congress is allowing individuals 70.5 and older with traditional or Roth IRAs to make tax-free gifts directly to qualified charities, avoiding tax liability on withdrawals made during ones lifetime as well as estate tax if IRAs are left to loved ones other than a spouse. Individuals who are required to take unneeded IRA withdrawals, and others who have experienced limitations on tax benefits in the past, will find this law of particular interest. This congressional act expires on December 31, 2009. For more information please contact Gloria Gange at (845) 473-4440, ext. 107.

“I love this land and don't want it developed after I'm gone. Working with Scenic Hudson, I've managed my assets and safeguarded this property forever. They took time to understand my wishes and have the integrity and professionalism to turn my vision into a lasting reality.”
—Gerald Morgan, Jr., Hyde Park