Congress has permanently extended this popular tax-advantaged giving opportunity. Individuals age 70 1/2 or older can make a direct distribution of up to $100,000 to the Jewish Federation. Your IRA charitable rollover can be used to benefit JFGI or any of its agencies.
Benefits of making an IRA charitable rollover gift:
The contribution will be excluded from your income for federal purposes and will not be taxed.
The rollover counts toward your required minimum distribution (RMD).
Giving from your IRA is an easy and convenient way of making a meaningful gift.
NOTE: You may not make direct distributions to donor advised funds, supporting organizations, or split-interest trusts, or in exchange for gift annuities.
Don't delay! Rollovers must be completed by December 31. If you are eligible, an IRA direct distribution is a wonderful opportunity for you to use your IRA to accomplish your philanthropic goals.
As always, we encourage you to seek the advice of your professional advisor before you make a charitable IRA rollover gift.
Contact Josh Lodolo Senior Director of Planned Giving & Endowment, with any questions.
Senior Director of Development & Endowment