| Under the Pension Protection Act of 2006 (PPA), can’t I already transfer cash to charity from my IRA? How does CHIRA® differ? |
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The PPA allows individuals, age 70½ or older, to transfer IRA cash to charity without any income tax or deduction. The funds transferred under PPA are forever lost to heirs. With CHIRA®, the funds are preserved for heirs. Charities can incorporate PPA gifts with CHIRA® plans to satisfy interest payments and/or premium payments. |









