Tax Advice from Rosalie Simari
If anyone 70 and one half has an IRA, they must make minimum distributions each year. If they send those distributions (or part of it) directly to TJMC they do not have to pay tax on that amount. Therefore, they are able to give more than they might have thought they could.
MAKE A GIFT THROUGH AN IRA CHARITABLE ROLLOVER
Normally, a distribution from your IRA is taxed as ordinary income. However, tax legislation just enacted extends the opportuity thoughout 2011 for individuals 70 1/2 or older to make a direct distribution from your IRA to a qualified charity, such as TJMC or the TJMC Endowment Fund. Such qualified direct distributions to charity from your IRA are not subject to income tax.