<p> NEWS RELEASE Community Foundation of the Ozarks</p><p>IMMEDIATE RELEASE</p><p>Date: [today’s date]</p><p>Subject: Congress extends IRA Charitable Rollover through 2009</p><p>Contact: [your contact info here]</p><p>Congress extended an excellent charitable planning opportunity for both 2008 and 2009. This act permits an IRA owner age 70½ or older to make a direct transfer of up to $100,000 to charity.</p><p>The IRA Charitable Rollover allows otherwise taxable distributions of up to $100,000 during each taxable year, from a traditional IRA or Roth IRA, to charity to be excluded from gross income.</p><p>The IRA rollover is an exciting tool for qualified individuals. It offers a unique vehicle for donors to meet charitable goals and improve the quality of life for generations throughout the Missouri Ozarks.</p><p>Individuals need to consult with their tax professional for further information concerning the IRA Charitable Rollover.</p><p>The Community Foundation of the Ozarks, of which the [name of your affiliate foundation] is an affiliate, is a public foundation, and it supports asset development, community-based grant making, organizational collaboration and leadership initiatives throughout Southern Missouri. CFO is comprised of 40 affiliate community foundations and more than 1400 charitable funds totaling approximately $146 million. </p><p>###</p><p>Community Foundation of the Ozarks 425 E. Trafficway Springfield, Missouri (417) 864-6199 Fax (417) 864-8344</p>