IRA Charitable Rollovers
Rollover your IRA and make an IMPACT on your Jewish community
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 Federation or any of its agencies.
The 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.
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.
For more information, please contact Amy Clayman, Chief Financial Officer, at 856.673.2522 or aclayman@jfedsnj.org.