Bob Cook
president
Douglas County Community Services Foundation

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January 10, 2013
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Center foundation seeks donations

EDITOR:

The Douglas County Community Services Foundation is raising money for the new community-senior center and has fundraising opportunities at all levels, from $10 to $100,000, $300,000, to naming the facility. We have a naming policy in place and can accommodate all requests.

Taxpayers, age 701⁄2 or older, can make tax-free distributions to a charity from an Individual Retirement Account of up to $100,000 per year. These distributions aren't subject to the charitable contribution percentage limits since they are neither included in gross income nor claimed as a deduction on the taxpayers return. Under pre-act law, these rules didn't apply …

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The Record Courier Updated Jan 10, 2013 05:26PM Published Jan 10, 2013 05:25PM Copyright 2013 The Record Courier. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.