“Charitable IRA Rollover” Archive
Couple Helps Local Library
Beverly and Gene Johnson
In 2011 Wausa needed new library facilities. So as they had done often in the past, Gene Johnson and his late wife, Beverly, made a major gift to the community. Gene and Beverly each used a Charitable IRA Rollover to make a combined gift of $40,000 to move the project forward.
The Charitable IRA Rollover law allows those age 70½ and older to transfer funds from an IRA to a charity tax free.
Couple uses the Charitable IRA Rollover to make a gift to an unrestricted endowment
Dale and Janie Zadina
Dale Zadina has lived and farmed in Valley County all of his life. Dale’s grandfather homesteaded in the area, and the land has been in the family for more than 100 years.
Dale made a significant gift to the Fund’s unrestricted endowment using a Charitable IRA Rollover.
Ron and Judy Parks of Papillion are Longtime Supporters of the Nebraska Community Foundation
Ron and Judy Parks
Ron and Judy Parks are longtime supporters of the Nebraska Community Foundation. Ron served as NCF Board member and Chair from 1997-2006 and continues to provide guidance through his involvement as an Honorary Board member. Judy began her first term on the Board in November 2010 and continues to serve.
Ron used a Charitable IRA Rollover to make a major contribution to NCF’s endowment. The Charitable IRA Rollover law, which has been extended permanently, allows those age 70½ and older to transfer funds from an IRA to a charity tax free.
Gift Endows Exeter Area and NCF
Louisa and Richard Manning
The late Richard Manning admitted that he liked to kid around. However, the charitable gift that he and his wife, Louisa, made will have a truly meaningful impact for generations to come.
Richard and Louisa Manning, both 1944 graduates of Exeter High School, used a charitable IRA distribution to make a $50,000 challenge grant to the Exeter Community Foundation Fund to establish an unrestricted endowment. The Charitable IRA Rollover law allows those age 70½ and older to transfer funds from an IRA to a charity tax free. Their hometown community successfully raised over $100,000 in additional funds in just two years, creating a $150,000 permanent endowment.
In addition, Mr. and Mrs. Manning contributed $50,000 to the Nebraska Community Foundation’s endowment.
The Gundersons gave back to the community where they raised their family and built their assets
Verlene and Gerald Gunderson
“Tis better to give than receive” is a value that was instilled in Verlene and Gerald “Gundy” Gunderson while they were growing up in Beemer, Nebraska and Norway, Iowa.
Cambridge and McCook Benefit from IRA Distribution
Don and Alice Harpst
“Choose your ruts carefully as you will be in them for a while,” was the saying used by the pioneers who crossed Nebraska in the early 1800s.