Dear NLG Family,
The National Lawyers Guild has been the center of what we laughingly refer to as my professional life since my senior year in law school nearly 50 years ago. Even though that relationship has not always been smooth, mainly because I was such an asshole when I was younger, I have remained and participated in many varied ways, from our student chapter demanding our school admit more Black students (there were four when I was there) and transforming the school, to even serving as president. Over the years, and particularly during my time on the NEC, I’ve become ever more aware of how critical adequate funding is to our work. Indeed, I am in awe of all we have done and have dreamt of how much we could do if we had even one-tenth the funding of the ABA.
I know that you too have helped defend people’s resistance struggles and trust, in these perilous times, you will continue to do so. Now, in the face of increasing repression and growing threats, it is incumbent on all of us to do even more to further our mission.
If you are 70½ or older, like me, you may also be interested in a way to lower the income taxes from your IRA withdrawals. An IRA charitable rollover is a way you can do this while also continuing to protect and defend human rights. Check out the information below to see if you can join me in making a special gift!
In solidarity,
David Gespass
Make Tax-Free Charitable Gifts Directly From Your Individual Retirement Account
To qualify:
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- You must be age 70½ or older at the time of gift.
- Contributions must be made directly from a traditional IRA account by your IRA administrator to the National Lawyers Guild Foundation.
- Gifts from 401k, 403b, SEP and other plans do not qualify. Ask your financial advisor if it would be right for you to create a traditional IRA account so you can benefit from the IRA Charitable Transfer.
Benefits:
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- Satisfy your required minimum distribution for the year.
- Avoid taxes on transfers of up to $100,000 annually.
- Reduce your taxable income, even if you don’t itemize deductions.
- Make a gift that is not subject to deduction limits on charitable donations.
- Further the work and mission of the National Lawyers Guild
How an IRA charitable rollover gift works:
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- Contact your IRA plan administrator to make a gift from your IRA to the National Lawyers Guild Foundation.
- Your IRA funds will be directly transferred to the NLG Foundation to help continue our important work.
- Please note that because IRA charitable rollover gifts reduce your taxable income, they do not qualify for a charitable deduction.
- Please contact nlgfoundation@nlg.org for more information or if you wish for your gift to be used for a specific purpose.
Please note: This information is not intended as tax or legal advice. We recommend that you consult with your legal and financial advisors.