Gifts That Give Now

Appreciated assets

One of the biggest tax advantages in charitable giving continues to be the double benefit to donors when giving appreciated assets (such as stocks or mutual funds) instead of cash. Donors receive a charitable tax deduction for the full market value of the asset and avoid any capital gains tax that would have applied had they sold the stock and made the gift in cash.

 

BANK OR INVESTMENT ACCOUNT

One of the easiest ways to make a charitable gift is to simply donate money from your bank account or investment account. This requires no extra effort on your part, and you can easily direct where you want the money to go.

Banks and investment firms offer the opportunity to give charitably through accounts set up for that purpose. The account works like a regular savings or investment account, with the donor able to receive tax advantages for the gifts. Financial accounts can be a simple and inexpensive way to leave a legacy gift for Beth Jacob Legacy Fund.

 

Charitable IRA Rollover

The Charitable IRA Rollover allows taxpayers aged 72½ or older to make direct transfers of up to $100,000 from their Individual Retirement Accounts (IRAs) to BJLF. This convenient giving option provides important financial benefits to both entities.

For the taxpayer, it can satisfy the required minimum distribution (RMD) while allowing them to make a charitable gift without paying income tax on the distribution.

 

Real Estate

Real estate may be deeded outright to the organization or left by bequest. The irrevocable gift of property may provide an immediate tax deduction and avoid capital gains.

 

Have questions?

We know that some of the most interesting and tax-efficient options can be complex. That is why Beth Jacob Legacy Fund works with your attorney, accountant, and other advisors in helping you take advantage of these programs.

These descriptions are informational only and do not constitute legal or tax advice. Please consult with a financial or estate planning professional to understand the implications of a gift for your particular goals.