Volume 17, Number 1, January 2011 Objectivist Summer New York Friends New Format for Conference 2011 of ARI Sponsors Forbes.com Column

Objectivist he Objectivist Sum- ast September Impact announced that Forbes Summer Debate Series Conference 2011 Tmer Conference L .com had started featuring a biweekly 2011 is set to take place column by ARI’s and . he New York July 2–8 at the Marriott We are pleased to announce that Forbes has Friends of Harbor Beach Resort and New York T made it easier for readers to follow Dr. Brook TM ARI, a charitable Objectivist Conferences Spa on the beach in Fort Friends of ArI ® and Mr. Watkins’s work; their columns will now organization dedi- July 2–8, 2011 Marriott Harbor Beach Resort Lauderdale, Florida. The be accessible at http://blogs.forbes.com/objectivist/ Fort Lauderdale, Florida

General Session Lectures (see page 4) cated to spreading Events Barry Colvin, President under the title “The Objectivist.” The new page (see page 5) schedule is still in devel- Optional Courses (see pages 6–9) awareness of in the New York area, is Conferences for the rational mindTM opment, but most coursesTel: 914-661-3600 • e-mail: [email protected] includes an RSS feed and other tools for tracking ® launching a debate series this February titled “First and special events have the column. Principles: The Moral Debates That Drive Today’s been set, and Impact is excited to share with you The first column in the new format Politics.”Ayn rand Partnering Institute (A rwithI) New York Friends of some highlights. www.aynrand.org addresses the health-care individual mandate, ARI in sponsoring the debate are Demos, a public The conference will feature seven general and was published shortly after the news hit that policy research and advocacy organization, and sessions. Individual speakers, so far, include: a Federal district judge in Virginia struck down itsafreecountry.org, which is a program/forum of John Allison (speaking on teamwork and inde- the mandate as unconstitutional. “Although the New York public radio station WNYC. The pendent thinking), Yaron Brook (topic to be deter- most analysts focused on the legal issues NY_Friends_of ARI_COLVIN_Barry-Business_Card.indddebates will 1be recorded and the well-known6/23/2010 1:18:23 PM mined), Andrew Lewis (speaking on spaceflight) involved,” said Dr. Brook, “we looked at the WNYC radio host Brian Lehrer will moderate. and (speaking on health care deeper question of whether the mandate had any The debate series is still being finalized. from the patient’s perspective). Two sessions will moral validity. We argued that it didn’t.” be panels: one with , Robert Mayhew Speaking about new format, Dr. Brook • First debate: “Government: How Much Do and Shoshana Milgram discussing new essays in commented, “ARI’s goal is to inject Ayn Rand’s We Need?”—a debate between ARI’s Yaron a forthcoming revised and expanded edition of ideas into the cultural debate. A regular slot Brook and Demos’s Miles Rapoport Essays on Ayn Rand’s “,” and the with a highly visible and respected publication other a discussion on the status of in • Second debate:“The Social Safety Net: Are like Forbes.com gives us an unprecedented academia moderated by Debi Ghate, with other We Our Brother’s Keeper?” opportunity to do just that.” participants to be named later. • Third debate: “: Virtue or Vice?” Signs that the effort is paying off are Optional-course speakers thus far include already visible. , , Tore Tentative dates are March 10, April 7 and In August Dr. Brook and Mr. Watkins Boeckmann, Robert Knapp, Andrew Lewis, John May 5, 2011. Impact will have more informa- released a column titled “The Un-American David Lewis, Shoshana Milgram, Adam Mossoff, tion about these debates once plans are set, Dream,” a withering critique of government Jason Rheins, Greg Salmieri, Thomas Shoebotham and will cover the events as they occur. If you housing policy. Two widely read bloggers, Will and . Courses cover topics in history, haven’t already, sign up for the e-mail list of the Wilkinson and Ezra Klein, took issue with the philosophy, art, law, music and Ayn Rand’s life Ayn Rand Center for Individual Rights at www piece, and Mr. Watkins followed with a rejoin- and works. There will be numerous special events, .aynrandcenter.org to keep abreast of develop- der on the Ayn Rand Center’s blog, Voices for such as opening and closing banquets, special ments in the debate series, as well as other ARC Reason. “If we are going to change the debate lunches and a Q&A with interviewees in 100 activities. Details will also be made available on in the culture,” Mr. Watkins told Impact, “it is Voices: An Oral History of Ayn Rand. the ARC website. absolutely essential that mainstream intellectuals The beautiful oceanfront conference hotel has continued on page 4 recently undergone a $50 million renovation, with dramatic additions throughout the resort. It boasts oceanfront terraces, a 10,000-square-foot ballroom with a wall of glass overlooking the ocean, a spa and fitness center, an 8,000-square-foot lagoon Announcing the Winner of the 2010 pool, and the largest private beach in South Florida, replete with tiki bar. Essay Contest Former attendees may notice that this year’s conference is slightly shorter than in past years. lizabeth L. Winkler, a captured me in order see what kind of criti- ARI executive director Yaron Brook explained E senior at Princeton Uni- cism has been written on them. The Ayn Rand the change. “The Objectivist summer conference versity, is the winner of the Institute’s essay contest turned up in one of my is a major undertaking for the Institute, requiring 2010 Atlas Shrugged essay searches, and I was pretty immediately interested yearlong planning and much expense,” he said. contest! The $10,000-prize- in seeing how my own vision of the novel would “Moreover, it is a major event for conference winning essay was selected hold up in a serious competition. Of course, the attendees, and time and financial constraints have from more than 2,500 entries, monetary offer was also very motivating, espe- meant that in past years many of our supporters and answered the topic ques- cially when I’m looking at several years of gradu- have only been able to attend part of the conference. tion that asked entrants to ate school ahead of me and my summers have “After last year’s conference, we took a explain, with examples from been mostly overtaken by unpaid internships.” hard look at the schedule and decided that we the novel dramatizing the point, what it means for Asked why she chose the essay topic that she could offer the same great experience in a more selfishness to be both moral and practical. did, Ms. Winkler replied, “For me, the notion that condensed package—lessening the time and Atlas Shrugged was Ms. Winkler’s first self-interest is an essentially productive societal economic cost for everyone without diluting the Ayn Rand novel, and she discovered the ARI force and that it has long been wrongly demonized conference content. With the shorter time frame, essay contest when researching literary criticisms is at the heart of understanding Rand’s philosophy. we hope that more of our attendees will be able to of the novel after completing it. She recalled, “I It’s really the fundamental premise you have to experience the whole of this year’s conference. As read Atlas Shrugged for my own enjoyment last accept before you can move into any of the eco- the schedule attests, there will be plenty to take in.” summer and (being an English student) I usually nomic implications. The necessary overturning of continued on page 4 do some searches on books that have particularly continued on page 4 “The Irresponsible Individual Mandate”

have health insurance go to the hospital if they to pass them on to paying customers, if they can, get a serious illness, and they get treated for free or to go out of business, if they can’t. In other by government. My plan says no, they can’t do news, an alarming number of emergency rooms that. No more free riders. People have to take have had to shut their doors in recent years.) personal responsibility.” Anyone genuinely concerned with elimi- Personal responsibility? Forcing people to nating free rides would advocate repealing the buy insurance they may neither want nor need EMTALA, and phasing out programs like Medi- has nothing to do with personal responsibility. care, Medicaid and S-CHIP, which allow people Real personal responsibility would mean that a to pawn off their health care costs on others. But This is the first post by ARI executive director healthy 24-year-old struggling to buy his first that is not what really concerns supporters of the Yaron Brook and analyst Don Watkins in the new home or start his first business would be free to individual mandate. Just as the whole point of format at blogs.forbes.com/objectivist. It was decide that he is better off putting money aside the EMTALA (and Medicare, and Medicaid) is originally published on December 15, 2010. for possible medical bills and foregoing health to enable some people to “get treated for free” by insurance (or buying a relatively cheap plan to having “other people carrying the burdens,” so it federal district judge has struck down Obama- cover only catastrophic care—something gener- goes for ObamaCare’s individual mandate. A Care’s individual mandate as unconstitu- ally unavailable today thanks to government When Obama touts the mandate as lower- tional in a case expected to go to the Supreme regulations that require plans to cover everything ing the cost of health insurance for everyone, he Court. Judge Hudson is to be commended on his from an annual physical to massage therapy). means that it will rope young and healthy people decision, for not only is the mandate unconstitu- And individual responsibility also means that into buying insurance they are unlikely to need, tional, it is also immoral. a hard-living prizefighter approaching mid-life in order to subsidize those who do need it. Sorry, Defending individual mandate, the president would be able to forgo insurance as well. But it kid, your business can wait: some guy you don’t has told uninsured Americans “you’ve got a would mean that if either got sick or injured, they know wants cheaper insurance. responsibility to get health insurance,” because would be the ones to pay the price; they would “Personal responsibility” has always been “we’re not going to have other people carrying not be able to force others to pick up the tab. a dangerously vague term. At best it evokes the the burdens for you anymore.” Starting in 2014, What Romney failed to note was that the American sense of , suggesting that the law will force virtually every American to ability of people to get a free ride is possible only each of us is responsible for meeting our own purchase a government-approved health insur- because of government policies. When America’s needs in a free market. When Obama and Rom- ance package. Violators will be hit with fines of health care system was freer, people who lacked ney invoke “personal responsibility,” they count $695 or 2.5% of household income—whichever health insurance could not just show up at a on this positive connotation of the individual amount is greater. hospital and demand free treatment. But the taking care of his own life. What they’re sell- Even critics of ObamaCare, such as Repub- Emergency Medical Treatment and Active Labor ing, however, isn’t American-style individualism lican presidential hopeful Mitt Romney, have Act of 1986 forced emergency rooms that accept but the collectivist notion that each of us has a echoed this “personal responsibility” theme. Medicare and Medicaid patients to treat all com- responsibility to sacrifice for the needs of others. Defending the Massachusetts individual mandate ers, regardless of their ability to pay. (Romney We’ve heard this song before: “From each he signed into law as governor, Romney said: was wrong to suggest those costs are borne by according to his ability, to each according to his “[R]ight now in this country, people that don’t the government: instead, the hospitals are forced need.”

Austin Shakespeare Company Takes to the Stage

or one week only, January 19–23, 2011, the Austin Shakespeare Company of Austin, FTexas, is running a stage adaptation of Ayn Rand’s Anthem. The adaptation was written by , who also composed the musical score and developed visual projections for the play. Mr. Britting is the manager of the Ayn Rand Archives, a Special Collection of the ; however, his work on the adaptation was conducted independently of ARI. Mr. Britting actually created two versions of the three-man show: a three-act stage adapta- tion for professional venues and a shorter version more easily adapted to school auditoriums. Thanks in large part to ARI’s Free Books to Teachers program and the essay contests program, Anthem is extremely popular in middle school and early high school classrooms. The hopes are that the longer version will see commercial success and bring new audiences to Ayn Rand, and that the shorter version will become one more way for students to engage the novel. In that vein, ARI provided funding for the promotion of the play, a portion of which went to subsidizing student tickets for the Austin production. Mr. Britting and ARI executive direc- tor Yaron Brook will participate in a pre-show party on Saturday, January 22. The play will run at the Rollins Studio Theatre at the Long Center for the Performing Arts in Austin. Tickets are available at http://TheLongCenter.Frontgatesolutions.com or by calling 512-474-LONG. Full-time students can use the code “student” to get the discount.

ARI Discusses Ayn Rand at International Conference for Free-Market Think Tanks

he Ayn Rand Center for Individual Rights The featured presenters were ARC analyst life. Patents, copyrights and other intellectual prop- Trecently organized a half-day conference on Thomas A. Bowden, who delivered the talk erty rights are often under attack, especially in many Ayn Rand’s ideas for about thirty-five individuals “Ayn Rand’s Unique Defense of Freedom,” and of the attendees’ home countries. Mr. Mossoff’s talk from international free-market think tanks. The aim George Mason University School of Law profes- explained why intellectual property rights are funda- of the conference was to provide an understanding sor Adam Mossoff, whose talk was titled “Intel- mentally important property rights. of why Ayn Rand’s ideas are vital for achieving lectual Property Rights: Why They Are Vital to “Many of the ideas presented were new to real success in the fight for freedom in any country. a Free Market.” Attendees came from Slovakia, the Europeans, Asians and South Americans in This special event came about through ARI’s Lithuania, Romania, Ukraine, Russia, Kyrgyz- attendance,” said Ms. Seppala. “But they were professional relationship with the Atlas Economic stan, China, Finland, Switzerland, Canada, Ven- intellectually curious participants and many Research Foundation (AERF), a nonprofit organi- ezuela, Chile and Bolivia, among others. seemed to grasp how important it is to understand zation connecting a global network of free-market In his talk, Mr. Bowden discussed why it is Ayn Rand’s thought. Most of them already admire organizations. ARI provides resources and infor- impossible to uphold liberty while contradicting its Atlas Shrugged and its insight in what happens to mation about Ayn Rand and her ideas to many of philosophical foundations. The talk explained the an economy under government control, but they the think tanks in AERF’s network. In November underlying ideas that make Rand’s argument for are often less familiar with the deeper philosophic Anu Seppala, ARI vice president of Cultural capitalism distinct from all others, such as attempts meaning of the novel.” programs, and Lin Zinser, ARI vice president of to ground liberty in religious faith or in self-sacri- The talks were followed by a lively question- Public Outreach, attended AERF’s Atlas Liberty fice and service to others. and-answer period. As part of the program, Forum, one of the largest gatherings of free-market Mr. Mossoff discussed the extraordinary participants were provided written materials think tanks from the United States and around achievements in the modern pharmaceutical, bio- about ARI and its programs, resources for further the globe. Following this two-day conference in tech, telecommunications and computer industries study and copies of Atlas Shrugged, Capitalism: Washington, D.C., select AERF attendees were and how they constitute dramatic evidence of the The Unknown Ideal, The Virtue of Selfishness or invited to attend the ARC conference. significance of intellectual property rights to man’s Return of the Primitive. 2 Anthem to Be Released as Book Excerpt: 100 Voices: An Oral History of Ayn Rand Graphic Novel e reproduce here an I was looking to go a little deeper. What I was excerpt from 100 looking to do was to focus to some degree on W the kind of controversy that she had generated ew American Library has Voices: An Oral History of when we did that first piece and then in the years developed a graphic novel Ayn Rand by oral historian N intervening. version of Ayn Rand’s Anthem, and former ARI staff member which will reach bookstores Scott McConnell. 100 Voices What was the reaction of the other media to your next month. (ARI was not (New American Library) com- having this celebrity of the political right on your involved in the graphic novel’s piles material from more than show? production.) The book is the one hundred never-before- They knew me by then for trying to get on first graphic novel produced by published interviews conducted as part of the my broadcast people who were not run of the New American Library, and the Ayn Rand Archives’ Ayn Rand Oral History mill. It’s hard perhaps to understand it, but forty company’s choice of Anthem for its first foray into Project. The Institute funded the book, and ARI years ago the ordinary interview was fairly pallid a new medium speaks to the enduring popularity of employees were involved in many phases of the stuff; it was pabulum. It was “and then I wrote,” Ayn Rand’s novella. book’s production. It can be purchased from the “and then I sang,” “then I appeared in.” Ideas— As Ayn Rand fans may already be aware, Ayn Rand Bookstore (www.aynrandbookstore.com) particularly irreverent or abrasive questioning, Anthem is not the first Ayn Rand work to be adapted and major booksellers. as an illustrated comic. Beginning in December skeptical questioning—were not a staple. So a 1945, King Features released a nationally syn- lot of attention was paid to the broadcast for that dicated, thirty-installment comic-strip version of Mike Wallace reason, because that’s the kind of thing that I did, . Ayn Rand herself oversaw the things that had been more or less verboten, or if entire production and wrote much of the text which Mike Wallace is one of America’s most celebrated not verboten then at least not practiced widely. accompanied each installment. The drawings were TV journalists and interviewers. He interviewed She was, from that point of view, a perfect guest made by illustrator Frank Godwin, whose Howard Miss Rand several times between 1957 and 1961. because she got people who were up at eleven Roark bore an undeniable resemblance to Rand’s o’clock at night, thinking. Interview date: March 3, 1998 husband, Frank O’Connor. The series ran in thirty- How did she react to that give and take? six major newspapers across the United States. In Scott McConnell: How did you first come across the late 1990s, ARI distributed a limited number She loved it. She made it quite apparent. Ayn Rand or her novels? of reproductions of the series to contributors as a She couldn’t have been more forthcoming in her thank-you for their support of the Institute. Mike Wallace: Atlas Shrugged was the first reactions to me. She wanted to be friends, and I The Anthem graphic novel will be available novel of hers that I read. Various people1 in my went to her home, met her husband, and her cat. shop were devoted to her and said that I should through major booksellers such as Amazon. Did Ayn Rand have any influence on your thinking be more aware of her than I was, so they booked Correspondence from Ayn Rand regarding the or your values? Fountainhead serialization can be found in the her on a telecast named Nightbeat, back in 1957. I Letters of Ayn Rand, edited by Michael S. Berliner. found her fascinating. In a subliminal way, of course. When you do A Frank Godwin drawing of Howard Roark can be the kind of journalism that I do, and particularly What was your reaction to Atlas Shrugged? found in Jeff Britting’s biography, Ayn Rand. when you do the kind of interviews that I did, she I found it an interesting book. It didn’t change was bound to. I found her fascinating. I found her my life, but I found it a fascinating book. It made good company, and I found it fascinating to listen me want to know more about her. to and weigh her notions. I found her also perhaps excessively doctrinaire. New Foreign Translations You brought her onto Nightbeat and what I liked her because she was interesting to be happened? with—she knew who she was—comfortable in her One on one, I found her a fascinating woman, own skin. And she was good copy. as simple as that. She was, in effect, fresh to a lot Do you have any other memories of Ayn Rand? of New Yorkers. She had an interestingly assertive and offbeat—as far as conventional wisdom is I remember with amusement her haircut, concerned—take on life and on morality and which is a little like the one that I wore when I altruism, and so she got me to thinking more about was four or five years old, a Dutch cut. It was the kind of thing she was talking about. And she dark hair, cut straight across her forehead. It was did the same to the audience on Nightbeat. particularly interesting to me back then because of the contrast with her skin and the sharp—the So there was a strong audience reaction? luminous eyes of Ayn Rand. Yes, there was. Why do you think she was interested in you In the Mike Wallace Interview program specifically? Tara Smith’s Ayn Rand’s Normative Ethics has been translated into Mandarin. This is the first secondary source on Ayn Rand’s ideas to be [February 25, 1959] with Ayn Rand, you seem to Because she liked the fact that I took her translated in China. focus on the issues of morality, altruism, service seriously, took her ideas seriously—she admired to others. Why? Nightbeat and the Mike Wallace Interview very much, from what I was told at the time by Al 1 They were Edith Efron, Al Ramrus and Ted Yates. Ramrus and by Edith Efron and by Ted Yates.

The Virtue of Selfishness is the first of Ayn Rand’s nonfiction works to be translated in Italian. Press Release: “Atlas Shrugged” Influential, Poll Reveals The following press release was issued by ARI on November 30, 2010.

IRVINE, CA—A recent Zogby national online survey indicates that 29 percent of the 2,100 adult respondents have read Ayn Rand’s novel Atlas Shrugged. Of those who read the book, 49 percent agreed that Atlas Shrugged changed the way they think about political or ethical issues, versus 45 percent who disagreed. And 51 percent of those polled said they were between 18 and 29 years old when they first read the novel, while 22 percent were between 12 and 17 years of age and 20 percent were aged 30 to 49. When asked why they chose to read Atlas Shrugged, 38 percent of respondents in the online survey said it was recommended by a friend or colleague, 21 percent had it assigned or recommended in school, 11 percent read or heard about it in a print/Internet article or radio/TV program, 8 percent saw it in a library, and 7 percent noticed it in a bookstore or on a web book sales site. The survey also indicates that 21 percent of respondents have read Ayn Rand’s The Fountainhead; 7 percent, This first translation of Atlas Shrugged into Brazilian Portuguese was Anthem; 4 percent, We the Living; 3 percent, The Virtue of Selfishness; and 3 percent, Capitalism: The Unknown Ideal. initiated and paid for by a Brazilian businessman. 3 Objectivist Summer Conference 2011, Announcing the Winner of the 2010 continued from page 1 Atlas Shrugged Essay Contest, continued from page 1 As in past years, most optional courses will TM repeat after the midpoint of the conference. Look Christian ethics in the process was also very inter- for conference information to be available soon at esting to me, both because it means the undoing of books/audio/videos . . . for the rational mind TM www.objectivistconferences.com, and stay tuned a morality that has dominated for 2,000 years and to Impact for more details. because Americans (and especially the Republican Party) have largely failed to recognize this as a SPOTLIGHT ON THE BOOKSTORE necessary act in a capitalist society.” Ayn Rand Photo Series: Set 20— Ms. Winkler’s gratitude for the essay con- “Ayn Rand and Public Speaking” test and its donors was unabashed. “I can’t quite express how refreshing it is to be able to compete his is the last of the Ayn Rand for a substantial amount of money where eligibil- TPhoto Series, a special col- ity is not based on need or ethnicity, where you are lection exclusive to the Ayn Rand New Format for Forbes.com Column, awarded purely for your ability,” she said. “The Bookstore. Set 20, “Ayn Rand and continued from page 1 Public Speaking,” contains four donors’ contributions are quite exceptional in this high-quality images that depict regard—at least in my opinion, a ray of light in a Ayn Rand in public speeches and engage our arguments. The fact that two well- world where it is becoming impossible to gain rec- interviews. Each photo includes a recognized and well-respected bloggers chose ognition unless you’re enormously underprivileged. caption description with historical to comment on our work is a sign that that is Their contributions have also drawn the younger background, written by Michael happening.” generation’s attention to Rand’s work, which is a S. Berliner. Suitable for framing or collecting in the Ayn Rand Photo Series Collector’s Album, also More recently, Dr. Brook and Mr. Watkins commendable objective in and of itself. I send my available at the bookstore. To order, visit www.aynrandbookstore took on Bill Gates and Warren Buffett’s “Giving deepest thanks, along with the hope that this kind .com or call 1-800-729-6149. Pledge,” which calls on billionaires to pledge of competition continues to remain possible.” to give away more than half of their wealth to As to the prize money, Ms. Winkler said she philanthropic causes. When news came sev- is planning to put it toward her education. “I’m Impact is published monthly by the Ayn Rand® Institute (ARI) and is eral months later that Facebook founder Mark hoping to start an English PhD program next complimentary to current donors who contribute $35 or more per year. For information on how you can support ARI and to learn about our Zuckerberg had signed the pledge, Mr. Watkins year, so depending on the kind of funding I get, it projects, please visit our website: www.aynrand.org. Atlantis Legacy®, issued a press release that referred to the earlier might be useful there, or if it’s not needed there, the Institute’s planned giving program, and related indicia are registered trademarks. The Ayn Rand Archives is a special collection of the Ayn Rand Forbes.com column. I will probably put it towards paying back my Institute. Objectivist Conferences (OCON) and the Ayn Rand Bookstore Shortly thereafter, the left-wing magazine college debt. In any case, as a graduate student, I are owned and operated by the Ayn Rand Institute. The Ayn Rand Institute Mother Jones published an item on the piece, titled won’t be making much for a while, so it’s nice to does not necessarily endorse the content of the lectures and courses offered. All photos of Ayn Rand are used by permission of the Estate of “Best Press Release Ever?” The original PR and have something set aside.” Ayn Rand. Purchases from the Ayn Rand Bookstore and OCON do not Mother Jones’s comments received attention in the Ms. Winkler’s essay can be read at www qualify as tax-deductible contributions to the Ayn Rand Institute. news and led to a TV interview with Mr. Watkins on .aynrandnovels.com, where information can also Editors: Jeff Scialabba, Don Watkins Editorial Advisers: Yaron Brook, Mark Chapman, Steven Dougherty, Thom Hartmann’s television show The Big Picture. be found on ARI’s essay contests. ARI now runs a Debi Ghate, , Anu Seppala, Lin Zinser “This is just the beginning,” said Dr. Brook. contest for each of Ayn Rand’s four major fiction Contributor: Lucy Hugel Designer: Simon Federman “We expect to build a readership and make a works (Anthem, We the Living, The Fountainhead Printing: David Antonacci Copy Editor: Donna Montrezza Headquarters: 2121 Alton Parkway, Suite 250 real impact on the discussion.” We encourage and Atlas Shrugged), as well as a special contest Irvine, CA 92606-4926 Phone: 949-222-6550 Fax: 949-222-6558 you to “follow” the column by visiting blogs for former essay contest participants. © The Ayn Rand Institute 2011. All rights reserved. Not to be reproduced .forbes.com/objectivist/. without permission. ARI is a 501(c)(3) nonprofit organization. Contributions to ARI in the United States are tax-exempt to the extent provided by law.

Tax-Free IRA Gifts to ARI Atlantis Legacy Donor List: Possible Once Again Is Your Name Included?

he Atlantis Legacy, ARI’s planned re you age 70.5 or older? Do you have an Tgiving program, acknowledges A Individual Retirement Account? If your donors who have arranged bequests answer to both questions is Yes, you may be able and other legacy gifts to the Institute, to save taxes by making a tax-free transfer from and highlights the importance of such gifts to our your IRA to ARI in 2011. ongoing success in advancing Objectivism. In the The “Tax Relief, Unemployment Insurance January issue of Impact each year, we enclose the Reauthorization, and Job Creation Act” became annual list of Atlantis Legacy donors. law on December 17, 2010. Of potential interest If you have arranged a bequest or other planned to qualifying ARI donors is one of the charitable gift to ARI and would like to be recognized on next giving incentives (retroactively extended from year’s list, we ask that you provide written permission legislation that expired at the end of 2009) included for ARI to publish your name. In this regard, please contact Gift & Estate Planning Manager Kathy Cross at in the bill: For individuals who have reached the 732-242-9408 or [email protected]. You may also age of 70.5 and who have Individual Retirement visit www.atlantislegacy.org/participate to download Accounts, tax-free distributions to nonprofit the Atlantis Legacy Confidential Response Form, the organizations are now possible again through mechanism for granting your permission. December 31, 2011. In addition, a special provi- Through their long-term commitments, Atlantis sion allows for transfers made from IRAs to Legacy donors take part in shaping the future of the charitable organizations in January 2011 to Institute and creating the world “as it might be and count as having been made in 2010. ought to be.” We are most grateful for their support Since there is no tax and dedication. deduction involved—the dis- tribution is simply excluded from gross income—even those who do not itemize Impact by E-mail deductions may participate. In place of the print edition, ARI donors may opt to Can you take advantage of receive Impact by e-mail each month. The e-mail the legislation, and would edition regularly contains additional articles, and you want to? To find out, read switching to an e-mail subscription saves ARI Kathy Cross our detailed FAQ at www $30 annually per donor on printing and mailing .aynrand.org/IRA, or request a printed copy from costs. To start receiving Impact by e-mail, please Kathy Cross, Gift & Estate Planning Manager, at see instructions in the lower-right-hand corner of 732-242-9408 or [email protected]. the enclosed envelope, or e-mail your request to ARI is committed to providing donors with [email protected]. accurate and authoritative information about charitable contributions, but we cannot render legal or tax advisory services. We urge donors to consult their own advisors regarding the tax and legal consequences of potential gifts. We are pleased to work with donors’ advisers as well as our own to ensure the best result for all concerned.

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