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Donation of Appreciated Stock

Anytime you sell appreciated stock, you owe capital gains tax. By gifting the stock to a qualified charity, you might be able to avoid paying capital gains tax.

Tax-Free Year-End Giving: From IRA

Partner with B'nai Tzedek with a Tax-Free Gift from your Individual Retirement Account

As the calendar year comes to a close, you may be eligible to make a tax-free gift from your IRA to B'nai Tzedek. Partner with us to create a strong Jewish identity and a vibrant local Jewish community.

Benefits of a Gift from an IRA (Qualified Charitable Distributions)

  • Donors age 72 or older, and under certain circumstances over age 70 -1/2  or older can transfer a total of up to $100,000 per year, directly from Individual Retirement Accounts to charities such as B'nai Tzedek, free from federal income tax. There may also be state income tax savings.
  • Qualified Charitable Distributions count toward required IRA minimum withdrawal amounts for the year of the gift.
  • In order to be tax-free, the donation must go directly from the account to B'nai Tzedek, without passing through your hands.
  • A Qualified Charitable Distribution to B'nai Tzedek is a dollar-for-dollar reduction in your taxable income.

Please note: B'nai Tzedek is not engaged in providing legal or tax advice. Please consult your professional advisors before making your gift.

 How to Make Your Gift

  •  Contact your IRA plan administrator for their transmittal form.
  •  On the form, specify the amount to be transferred to B'nai Tzedek.
  •  Include B'nai Tzedek's tax ID number: 52-161-9672.
  •  Checks from your IRA should be made payable to B'nai Tzedek and mailed to: B'nai Tzedek, 10621 South Glen Road, Potomac, MD 20854, Attn: Year End Giving
  • If you have any questions, please contact Scott Katz, Executive Director, at 301-299-0225.

Click here if you would like to make a year-end tax deductable gift (not from an IRA) to B'nai Tzedek.

Mon, April 22 2024 14 Nisan 5784