IRA Gifts
BE TAX-SMART!
When you reach age 70½, you can distribute an amount, up to $105,000 in the calendar year, to JFCS as a qualified charitable distribution (QCD), also known as a charitable rollover, from your IRA. QCDs count toward your required minimum distribution for the year. By doing so, you pay no taxes on the distribution while helping our Bay Area neighbors most in need.
Your benefits include:
- Reducing your taxable income while simultaneously benefitting our community
- The opportunity to direct the distribution to create a new Named Endowment Fund, add to an existing Named Endowment Fund, or satisfy an existing pledge to JFCS
NOTE: The distribution cannot be directed to a Donor Advised Fund, nor used to pay for tickets to an event.
How to make your gift:
- Contact your IRA custodian and request that a specified amount of your distribution be made directly to JFCS (Tax ID 94-1156528; Address: 2150 Post Street, PO Box 159004, San Francisco, CA 94115)
- Notify JFCS that your gift is on the way, and let us know how you would like it to be used
- Or write a check directly to JFCS from your IRA checkbook
Thinking of leaving a bequest? You can also designate JFCS as an eventual beneficiary of your IRA.
If you make a contribution to your IRA this year, the amount you are allowed to give tax-free through a Charitable IRA Rollover may be reduced by the amount added to your IRA.
As with all important financial decisions, you may want to consult legal and financial professionals for advice.
