The IRA charitable rollover has once again been renewed, but this time only for a few days—until the end of 2014!
An “active asset” is one that you are using (such as your residence) or one that is generating a return in the form of rent, interest, dividend income, or appreciation. An “idle asset” is property that produces little or no return and which may contribute little to your enjoyment of life. Sometimes it is possible to convert these assets to a stream of income for life by making a charitable gift.
Philanthropists John ’55 and Tashia ’55 Morgridge have just announced a landmark gift of $100 million, continuing their long history of investing in the future of the University of Wisconsin-Madison.
Last month, during Homecoming Week, UW-Madison brought together the boards of visitors for nearly all of UW-Madison’s schools, colleges, and departments. Chancellor Rebecca Blank delivered an address to the group.
It’s a good life John Bolender has lived since Boeing recruited him right off the UW campus, and that’s why he has established three charitable gift annuities with the University of Wisconsin Foundation and recently made a significant gift from the combined IRA belonging to him and his late wife, JoAnn, also a UW graduate with a degree in home economics education.