[WSBAPT] gifting EE savings bonds to charity

[Stephen Moriarty]

"I am trying to determine whether a person may gift EE savings bonds to a charitable organization during the person's lifetime and exclude the total amount (including accrued interest) from the person's gross income, similar to the process allowed with income from individual retirement plans under 26 U.S.C. §408(d)(8)(A), (B).  In my initial research, I do not think there is a provision that allows this, but I have been unable to locate a precise statute or regulatory provision that is on point.  If anyone has dealt with this issue and can point me to an on point statute or regulation, I would appreciate it."

Stephen C. Moriarty
Platt Irwin Law Firm
403 South Peabody
Port Angeles, WA   98362
Phone: (360) 457-3327
Fax: (360) 452-5010

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