Should a charity receiving a contribution directly from an IRA provide a gift acknowledgement?
Yes. An individual must obtain a contemporaneous written acknowledgement of the contribution to take advantage of the treatment of the contribution under this new provision. May a charity provide any goods or services in return for the contribution? No. If a donor receives any goods or services (e.g. tickets to a fundraiser) that would have reduced the donor’s charitable deduction if the donor had made an outright gift to the charity, the rollover of assets from an IRA will not qualify for the tax-free treatment under this provision. Gifts to the donor that are disregarded (i.e. public recognition, token gifts and insubstantial benefits) will not disqualify the contribution from the tax-free treatment. Can an individual make a qualified charitable distribution for split interest gifts? No. Charitable lead trusts and charitable remainder trusts are examples of giving vehicles that are not eligible to receive qualified charitable distributions. Further, because an individual may not rece
