IRA Charitable Rollover
You can support AJC and receive tax benefits with a gift from your Individual Retirement Account (IRA)
If you and/or your spouse are 70½ or older, the IRA Charitable Rollover provision allows you to make a charitable contribution from your IRA account directly to a qualified charity, such as American Jewish Committee (AJC), without being taxed on the income.
Your support for AJC’s incomparable global Jewish advocacy will have an immediate impact. It will make a difference in the lives of fellow Jews facing the mounting tide of global antisemitism, and help combat the international campaign to delegitimize Israel and her people.
HAVE YOU TAKEN YOUR REQUIRED MINIMUM DISTRIBUTIONS (RMDS) FROM YOUR IRA FOR 2019?
If not, please consider gifting the funds that the government requires you to withdraw from your IRA as your 2019 charitable contribution to AJC. In fact, some of our donors use the IRA Charitable Rollover to pay their existing pledges to AJC.
How an IRA Charitable Rollover Gift Works:
- You must be 70½ or older when you make your gift, and the gift must be made from an IRA – no other retirement plans (such as 401k, 403b or SEP accounts) qualify.
- The gift from your IRA must come directly to AJC from the administrator/custodian of your IRA.
- Your IRA distribution to AJC can satisfy part or all of your RMD for the year.
- You can transfer up to $100,000 per spouse from your IRA to AJC and reduce your taxable income for 2019.
- Although the IRA distribution will be free from income tax, it will not generate an income tax charitable deduction.
For questions about the IRA Charitable Rollover, please contact AJC’s Resource Development Department at 212.891.1454. For transfer instructions, please contact Cindy Averys at firstname.lastname@example.org. After AJC receives your gift, you will receive an acknowledgment letter stating that your gift qualifies as an IRA charitable rollover for this 2019 tax year.