There are several ways to make a meaningful contribution to Island Harvest Food Bank before the end of year:
- You can make a tax-deductible contribution through our secure website in honor/memory of someone special. This is a wonderful way to recognize a loved one during this special time of year.
- Through a reinstated law that has been retroactively extended by Congress for 2014, you can also choose to make a tax-free gift of IRA assets to Island Harvest, by December 31 through the Tax Extenders Bill and Charitable IRA Rollover. This tax provision allows Americans ages 70 1/2 and older to contribute up to and including $100,000 for 2014 from their IRA’s without having to treat the withdrawals as taxable income. The gift qualifies for the contributor’s 2014 required minimum distribution (RMD). In addition, the new law provides a special election available to individuals who have already taken a distribution from their IRA in 2014. Such individuals may now make a gift to a qualified charity and treat this as a gift from their IRA, even though the distribution was not directly made from the IRA to the charitable organization. This opportunity will expire December 31, 2014. If you have questions, please consult your tax advisor or financial planner. We have included a sample letter to send to your IRA Administrator for you to personalize.
A tax-deductible contribution of any kind will support the important work of Island Harvest Food Bank – Fighting Hunger. Touching Lives. throughout Long Island.
Thank you for your support through 2014, I wish you and your family a happy holiday season and all good things for 2015.
Randi Shubin Dresner
President and CEO