The Foundation of the
American Institute of Professional Geologists
Build the Future of Geology Today!
Support the Foundation of the American Institute of Professional Geologists
The Foundation of the American Institute of Professional Geologists has been established to: make educational grants to support individual scholarships to undergraduate and graduate students in the geosciences; prepare literature with educational content about the role of geosciences as a critical component of the sciences and of the national economy and public health and safety; make grants to classroom geoscience teachers for classroom teaching aids; support development of education programs for the science and engineering community; support geoscience internships in the nation’s capital; support geological field trips for K-12; and support educational outreach programs to the public on the state and local level.
Foundation of the AIPG – 2013 Year End Tax Planning – Two Ways to Consider
IRA – ROLL OVER
At the Foundation of the AIPG, we want to make you aware of some important tax-saving legislation that will expire at the end of 2013. The American Taxpayer Relief Act of 2012 allows individuals, age 70 ½ or older, to make tax-free gifts of up to $100,000 of individual retirement account (IRA) assets directly to qualified charitable organizations, such as the AIPG Foundation. Gifts for the 2013 tax year may be made until December 31, 2013. These transfers would fulfill some or all of your required minimum distribution without increasing taxable income. By making an IRA charitable rollover gift, you are able to avoid taxes on the IRA distribution while supporting our mission.
If you are age 70 1/2 or older, you may make a tax-free transfer up to $100,000 from your individual retirement account (IRA) to the Foundation of the AIPG until December 31, 2013. Although you could not claim a tax deduction for this gift, the distribution would not be counted as part of your taxable income. Additionally, any gift from your IRA would fulfill some or all of your required minimum distribution without increasing your taxable income.
This tax-free IRA rollover is an ideal way to support the important work of the Foundation of the AIPG to be part of our mission to build the youthful side of our profession.
How to Make an IRA Rollover Gift in 2013 - Contact your IRA custodian to make a gift from your IRA for 2013. The IRS will treat the amount of the cash gift as if you had made a direct rollover to charity and you can then avoid federal tax on the amount of the gift.
REGULAR TAX DEDUCTIBLE CONTRIBUTIONS
This year end please consider contributing to the Foundation of the American Institute of Professional Geologists a 501(c)(3) corporation . Contributions are tax deductible.
For more information on either of these ways to support the Foundation of the AIPG, please contact John Bognar, Foundation Chairman at 314.660.9968 Thank you for thinking of the Foundation of the AIPG in your tax planning.
The Foundation of the American Institute of Professional Geologists is a 501(c)(3). Contributions are tax deductible.
For further information or if you have questions about donating to the Foundation, contact John Bognar, Chairman, The Foundation of the American Institute of Professional Geologists at (314) 660-9968 or John.firstname.lastname@example.org.
The current Trustees of the Foundation are:
John Bognar, Chairman; Sam Gowan, Vice Chairman; Mike Lawless, Secretary; Dave Rhode, Treasurer; Steve Maslansky, Trustee at Large; Ray Talkington, Trustee; Barbara Murphy, Trustee; Dan St. Germain, Trustee; Bill Siok, Trustee; Dorothy Richter, Trustee; Pat Leahy, Trustee; Rick Powers, Trustee; Jeff Cornoyer, Trustee, and Dave Kohler, Trustee.