Qualified Charitable Distributions From Your IRA

You can benefit from making charitable contributions to AJC directly from your IRA. The IRA Charitable Rollover provision allows you to transfer up to $105,000 annually (2024 amount) from an IRA directly to qualified charities without being taxed on the income.

Benefitting from the Qualified Charitable Distribution (QCD)

• Donors age 70½ may make a QCD directly from your IRA to AJC.
• Beginning in the year you turn age 73, the QCD can be used to satisfy some or all of your Required Minimum Distribution (RMD), 
• The entire amount of your gift goes to AJC and you pay no income tax on the money. You can use a QCD to make new gifts or to pay pledges to AJC.
• QCDs don't qualify as a charitable income tax deduction, so using your IRA is an attractive option for if you don’t itemize their you income tax deductions and use  the standard deduction on your their tax returns.

Please do not wait until the end of the year to arrange for a distribution. IRA plan administrators may take several weeks to complete the transfer and you want to make sure your gift is received by AJC no later than December 31st.

For wire transfer instructions, please contact giftprocessing@ajc.org 

This sample letter can be used to send to your IRA plan administrator.

New as of 2023, you may use a QCD from your IRA to create a Charitable Gift Annuity with AJC that will pay you income for life. 

You Can Also Use Your IRA  to Create a Legacy Gift for AJC

When you designate AJC as a beneficiary of your IRA  your gift will pass tax-free to AJC after your lifetime.