Special Note about IRA Charitable Rollover Gifts for 2014 Tax Year

The Tax Increase Prevention Act of 2014 was approved by Congress on December 16, 2014, extending the IRA charitable rollover through December 31, 2014. The bill is awaiting signature into law by the president.

Among the provisions of the bill is an exclusion from gross income for income tax purposes of up to $100,000 (per IRA account owner) for “qualified charitable distributions” from an Individual Retirement Account (IRA). The distribution will count toward an individual’s Required Minimum Distribution (RMD).

  • The distribution must be made directly to AAAS by December 31, 2014.
  • The distribution must be made from an IRA (other retirement accounts are not eligible).
  • The recipient must be an eligible charitable organization.
  • The IRA’s owner must be at least age 70½.
  • The distribution must otherwise be fully deductible as a charitable contribution.
  • The distribution must otherwise be included in gross income.

For more information, please contact Lynn Rozental, Senior Development Officer for Individual Philanthropy, at lrozenta@aaas.org or by phone at (202) 590-7034.

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The solutions to the world’s challenges will be rooted in science.

Across the globe, we are facing some of the greatest challenges in history. And science and engineering will be critical to solving these vexing problems. Yet, the nation’s commitment to science research and education is not keeping pace. Now is a crucial time for the science community to come together to emphasize the importance of science to the country and the world.

The stakes are high and the American Association for the Advancement of Science (AAAS) is working hard to make our collective voices heard. Unless we can make our case for science, the United States could lose its power of innovation, limiting our economic growth and competitiveness, and scientists world-wide could lose ground on research whose applications will be critical for society.

But we need your help to make our voice stronger.

AAAS is funded through membership dues, grants, and revenue from our journal Science. But almost all of these sources are restricted to supporting specific programs and are not available to undertake new initiatives or enhance existing programs. The Flexible Action Fund provides AAAS with the only source of flexible, unrestricted funding that allows us to be innovative and respond rapidly to critical challenges as they arise.

In addition to making your gift via our other mechanisms, AAAS is excited to announce a fun and innovative way of giving back. AAAS Facebook pages and Twitter feeds are now live with "#donate" technology from our friends at GoodWorld. It's never been easier to give and encourage your friends to do the same. Simply comment #donate anywhere on the AAAS Facebook page  or sign up with GoodWorld at goodworld.me to make your gift. 

Gifts to the Flexible Action Fund help us to:

  • Make science literacy possible for all students;
  • Increase the participation of people from under-represented groups in STEM fields;
  • Assess and communicate the potential impacts of legislation and Federal funding decisions;
  • Enhance international relations and security through collaboration and science diplomacy; and
  • Encourage dialogue between scientists and non-scientists on some of the most pressing issues of our day.
 
 

Philanthropic contributions help AAAS to advance science and engineering for the benefit of all people. Your unrestricted gift today supports efforts like these:

 

AAAS Development
1200 New York Avenue, NW
Washington, DC 20005  USA

202-326-6636
1-800-215-1969 (toll-free)
202-289-4950 (fax)
developmentoffice@aaas.org

Juli Staiano
Director of Development
202-326-7028
jstaiano@aaas.org

 

Anne Moraske
Associate Director of Development, Annual Fund and Communications
202-326-6759
amoraske@aaas.org

 

Lynn Rozental
Senior Development Officer, Individual Philanthropy
202-326-6478
lrozenta@aaas.org

 

Rita Elmore
Development Officer
202-326-7025
relmore@aaas.org

 

Isabelle Giap
Development Coordinator
202-326-6478
igiap@aaas.org