$1 million in funding
for security initiatives each year
A charitable contribution from an IRA that meets certain requirements.
Traditional IRA.
Must be at least 70 ½ years old.
Any public charity such as the Columbus Jewish Foundation (Private Foundations and Supporting Organizations do not qualify.)
The maximum is $100,000 annually. Distributions may be made at any time during the year and in any amount as long as the total doesn’t exceed the $100,000 annual maximum.
Yes! Some donors actually use this as a strategy to fund their endowment during their lifetime.
Yes! You can add to any endowment and/or special purpose fund at the Foundation, or create your own fund to support an agency, synagogue, or field of interest of your choosing. You may also wish to donate to the Foundation’s Community Grants fund, Overseas Needs Endowment, Jewish Needs Fund or a SCIP program for Jews in Need.
Unfortunately at this time, Donor Advised Funds may not be the recipients of Qualified IRA Charitable Rollover Distributions.
Distributions can be made any time during the year, but must be made no later than December 31 of the tax year for which you would like the contribution attributed.
Yes!
Yes! (Note that you may not also take the rollover amount as a charitable deduction).
Never! It is now permanent.
Non-qualified disbursements from an IRA may be made, but have to be recognized as income and then the charitable contribution may be taken as a deduction subject to IRS rules and limitations. A non-qualified distribution may be made to a Donor Advised Fund.
Call us at 614-338-2365 or email CEO Jackie Jacobs at jjacobs@tcjf.org” or Chief Financial Officer Tammy Fitzpatrick at tfitzpatrick@tcjf.org.
The Columbus Jewish Foundation always recommends that you consult with your tax professional who can best advise you regarding your unique tax situation.