IRA CHARITABLE ROLLOVER PERMANENTLY ENACTED INTO LAW, AND RETROACTIVELY FOR ALL OF 2015
Federal Legislation now permanently allows TAX-FREE IRA Rollover gifts to charity.
Enhanced ability to make increased gifts to Lyric Opera in 2015 and thereafter.
The IRA Rollover law is retroactive for any gifts to charity of IRA funds made in 2015 and will not expire as it has in past years. This law provides that anyone 70 1/2 years and older can make a tax-free IRA rollover gift to Lyric Opera of up to $100,000 per year. There is no IRA withdrawal tax and no charitable deduction for these kinds of gifts. You may use your 2015 “required minimum IRA distribution” or any other IRA funds to make an IRA Rollover gift to Lyric by December 31, 2015.
We urge you to call Lyric’s Senior Director of Planned Giving, Jonathan Siner, with questions.
He can be reached at (312) 827-5677 or email@example.com.
As a patron of Lyric Opera, you are already passionate about opera in general and about Lyric in particular. Eagerly anticipating each season, you treasure your time in the Ardis Krainik Theatre, fully immersed in spectacle and lost in song and story.
All of Lyric Opera's elements – our artists, chorus, orchestra, technicians, and administrators - are interdependent, contributing to Lyric’s worldwide reputation of excellence. The most crucial part of Lyric, however, is you! A vital component of Lyric's future is its group of donors who have included Lyric in their estate plans, known as The Overture Society.
The Planned Giving Department is ready to help you fulfill your wish to leave a planned gift to Lyric, and to become a treasured member of The Overture Society. Senior Director of Planned Giving, Jonathan Siner, may be reached at 312-827-5677, or email him at firstname.lastname@example.org. Associate Director of Planned and Major Giving, Alexandra Quinn, may be reached at 312-827-5688, or email@example.com. Kathryn Jercich,Planned Giving Coordinator, may be reached 312-827-5696
See below for more information on The Overture Society and all of the wonderful benefits you will receive for your generosity! Leaving a gift to Lyric is truly leaving a beautiful legacy that will be enjoyed by thousands for years to come.