We've mentioned some of the big changes to 401k, 403b and other employer plans due to Pension Protection Act of 2006.  

This legislation should also be great news for many non-profits and charities.   It does allow seniors over 70 1/2 to take IRA monies and contribute directly to their favorite charity.  These distributions which are normally taxable at your ordinary income tax rate will be "tax-free" distributions.

SmartMoney gives a great summary of some of these changes and explains the charitable distributions.