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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 72 (or 70 1/2 if you reached 70 1/2 before January 1, 2020) 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.