Community Foundation for Palm Beach and Martin Counties

Professional Advisor Resources

As a valued professional advisor, you are kept informed of the latest trends in charitable giving, community issues and resources for your clients. To stay informed, please subscribe to our Professional Advisor E-News publication (link to sign up page) or read the latest issue of our newsletter, Philantropic News. Featured below is a current item that may be of interest to you.

Roth IRA: Charitable Opportunities in Roth IRA Conversions

Many Americans may want to consider converting their IRAs to Roth IRAs in 2012. If done however, the value of each converted IRA is added to their adjusted gross income and some may find they have a large tax liability. One way community foundations can help tax advisors is to suggest offsetting high income years with strategic tax deductions, specifically charitable gifts. The Community Foundation is providing the following helpful resources for donors and professional advisors regarding this Roth IRA opportunity. 

• Roth IRA Conversion: This handout shares more information about the Roth IRA conversion and charitable opportunities. To read more click here.
• Choosing Community Over Taxes: This additional handout discusses the charitable beneficiary designation. To read more click here. 
• High earners can convert to Roth IRA in 2012: Sample Newsletter content for professional advisors to share with their clients. Read more here. 
• Featured Videos on the Community Foundation and Roth IRA: Watch this exclusive video featuring Jonathan Blattmachr, recognized as one of the most creative trusts and estates lawyers in the country. In this video, Mr. Blattmachr discusses the value of Community Foundations and the Roth IRA. Also available is a video that discusses the changes affecting the Roth IRA and the charitable giving options to consider featuring Marjorie A. Horwin, CPA, of Morrison, Brown, Argiz & Farra, LLP and Jeffrey A. Baskies, Esq., of Katz Baskies LLC in Boca Raton.

Please note: These resources are not intended to serve as legal guidance. Please consult legal or tax professionals and the Internal Revenue Service for further information and explanation.