Charitable IRA Rollover
A gift to The AIPAC Tomorrow Campaign from your Donor Advised Fund is a simple and efficient way to strengthen the pro-Israel movement for generations to come. When you contribute to your Donor Advised Fund, you will receive an income tax deduction today for the gifts we will receive tomorrow.
You can direct that your donor-advised charitable fund be distributed, in full, to AIPAC after your lifetime. Or, you can name specific charities and choose a dollar or percentage amount to be distributed over a certain time or until the account balance becomes zero.
Your benefits include:
- Avoid paying tax on your required minimum distribution this year. The distribution will not count as taxable income for this year, helping keep you in a lower tax bracket.
- The transfer is not subject to limitations on itemized deductions.
- Enjoy a quick and easy estate tax reduction.
To qualify:
- You must be 70 ½ years old or older by year-end.
- The distribution must be directly to AIPAC from your plan trustee.
- The maximum contribution amount each year is $100,000 ($200,000 per couple).
- Your transfer must be received by the last day of the calendar year.
If you’re interested in this popular way to support AIPAC, click here.
There are several kinds of real estate gifts:
- Outright gift. When you give real estate that you have owned longer than one year, you get a federal income tax charitable deduction equal to the property’s fair market value. This deduction reduces the cost of making the gift and frees up cash that would be used to pay taxes. You eliminate capital gains tax. You avoid gift tax on the transfer. The gift also reduces your future taxable estate.
- Gift in your will or living trust. This gift of real estate gives you the flexibility to change your mind at any time and to give a larger gift than you may be able to during your lifetime.
- Retained life estate. You can transfer your personal residence or farm to AIPAC but retain the right to occupy or rent the home for the rest of your life. You receive an immediate federal income tax charitable deduction for a portion of your home’s value.
You can fund a memorial or tribute gift with cash, appreciated securities, or tangible personal property.
If you’re interested in learning about ways you can honor a loved one, contact The AIPAC Tomorrow Campaign Team.
