Tax-Free Year-End Giving
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.
Sat, July 27 2024
21 Tammuz 5784
Today's Calendar
Shabbat Morning Service : 9:30am |
Upcoming Programs & Events
Aug 4 Pickleball Clinic Sunday, Aug 4 9:00am |
Aug 9 GECC Last Day of Summer Camp Friday, Aug 9 |
Aug 9 Shabbat Mingle Friday, Aug 9 6:00pm |
Aug 9 Tisha B'Av Service Friday, Aug 9 8:00pm |
Aug 12 Tisha B'av Service at CBT Monday, Aug 12 8:00pm |
This week's Torah portion is Parshat Pinchas
Shabbat, Jul 27 |
Candle Lighting
Shabbat, Jul 27, 8:06pm |
Shabbat Mevarchim
Shabbat, Aug 3 |