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Dear Orphan Concern Supporters:
We wanted to let you know about some changes to the tax law that could effect your 2010 giving especially related to OCI and the kids.
In the waning days of 2010, Congress has restored the ability to rollover IRA distributions to qualified charities for those who have attained age seventy and one half. This means that a distribution may be made by the trustee of your IRA directly to a qualified charity (OCI) and it will not have to be included in 2010 income. You do not, however, get a charitable deduction. There is a limit of $100,000 per year, and it will satisfy your required minimum distribution. The extension of the IRA charitable rollover is effective for years 2010 thru 2012. For 2010, if you make the rollover by January 31,2011 it will be counted as a 2010 transaction and can be counted toward the 2010 required minimum distribution. The extended January 31 date is applicable for 2010 only. Please consult your tax advisor for information that is specific to your individual situation.
If you would like to take advantage of this great opportunity then please contact Jerry Brown at (770) 984-0913 or send your contribution to:
ORPHAN CONCERN INTERNATIONAL, INC. P.O. BOX 680871, 4574 COLUMNS DRIVE, MARIETTA, GA 30068
Our sincere thanks,
The OCI Board