Category Archives: Arts Funding

American Alliance of Museums news: IRA Charitable Rollover Reinstated

This is great news for museums!

Screen Shot 2014-07-20 at 3.40.21 PMHouse of Representatives Passes Bill Permanently Reinstating IRA Charitable Rollover

Yesterday afternoon, the U.S. House of Representatives passed H.R. 4719, legislation that would permanently reinstate three charitable giving tax incentives, among them the IRA Charitable Rollover provision. This strong, bipartisan vote came on the heels of an open letter from over 850 nonprofit organizations in support of these provisions. More than 220 museums spanning 47 states joined the Alliance in signing on. Continue reading