Stocks and Bonds
A gift of securities is an easy way to make a gift. By making a gift of your appreciated stocks or bonds, you can avoid paying capital gains tax that would otherwise be due if you sold these assets.
A gift of real property (such as your home, vacation property, vacant land, farmland, or range or commercial property) can make a great gift while avoiding paying capital gains tax.
A gift of retirement assets, such as a direct distribution from your IRA, or naming the Federation as the beneficiary of your 401k, 403b, pension, or other tax deferred plan, is an excellent way to make a gift. Federal law allows a taxpayer 701/2 years old and older to make a tax neutral distribution from an IRA. You may give up to $100,000 per year. In addition, your spouse may also give $100,000 per year, if he or she also has an IRA with sufficient funds. T You may give a qualified charitable distribution (the term used in the law) from your IRA directly to the Federation but it may not be used to fund a philanthropic fund, charitable remainder trust or charitable gift annuity.You can earmark the gift toward a specific use within the Federation such as making a gift to to the Annual Campaign, creating a PACE or LOJE fund to endow your annual campaign gift, or creating a special endowment fund to support a focused area of interest to you in the Jewish community. In the past, a cash withdrawal from your IRA, whether you gave it to charity or not, would be taxed to you as ordinary income, regardless of the charitable deduction. Under this new law, a contribution from your IRA is excluded from federal income tax. Although the gift is not eligible for an income tax charitable deduction, making a gift from your IRA will not impact the tax benefits of gifts you make to charity from other sources. The Federation would be pleased to provide you with a sample letter you can use to direct that a distribution be made from your IRA to the Federation.
Donor Advised Philanthropic Funds
A donor advised philanthropic fund is a semi-permanent fund of the Federation and a personal expression of your tzedakah. It is your "charitable checkbook," aligning your philanthropic interests with the Jewish community's needs and priorities. Through hands-on philanthropy, your personalized philanthropic fund will continue to benefit the community into the future. While you make recommendations for annual distributions during your lifetime, upon death the gift becomes part of the Federation's Endowment Fund, perpetuating your name and your lifetime of commitment. Your fund allows your charitable dollars to grow tax-free, thereby increasing the resources available. You can create a fund with low minimum irrevocable gift of cash, securities or other property. Federation staff will disburse funds based on your recommendation and take care of the record keeping.
A gift of cash is a simple and easy way to make a gift.
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For more information about matching your financial and philanthropic goals, call Lisa Long at 330.746.3250 ext. 175 or email her at firstname.lastname@example.org or contact your personal financial advisor today.