QUALIFIED CHARITABLE DISTRIBUTIONS FROM YOUR IRA
You can support AJC and receive tax benefits with a gift from your Individual Retirement Account (IRA)
Beginning at age 70 ½ you may make a Qualified Charitable Distribution (QCD), also known as an IRA Charitable Rollover, directly from your Individual Retirement Account (IRA) to American Jewish Committee (AJC), without being taxed on the income.
Beginning in the year you turn age 72, the QCD can be used to satisfy some or all of your Required Minimum Distribution (RMD), up to $100,000 each year.
You can use a QCD to make new gifts or to pay pledges to AJC.
Since a QCD does not qualify as a charitable income tax deduction, using your IRA as the source for your gift is an attractive option for many donors who are not itemizing their deductions and are using the standard deduction on their tax returns.
Please do not wait until the end of the year to arrange for a distribution. IRA plan administrator 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.
You Can Also Use Your IRA to Support AJC in the Future
You can choose to designate AJC as a beneficiary of your IRA and your gift will pass tax-free to AJC after your lifetime.
For questions about the using your IRA for Charitable Giving, please contact Rachel A. Gross, AJC’s Director of Planned Giving at firstname.lastname@example.org or 215.665.2300 x7. For wire transfer instructions, please contact Cindy Averys at email@example.com or 212.891.1342 x3.
This sample letter can be used to send to your IRA plan administrator.