Smart Giving Strategies for Your Annual Campaign Gift
Did you know you can contribute to the Annual Campaign using a Required Minimum Distribution (RMD), a donor-advised fund, or a stock transfer? These giving methods may also provide valuable tax benefits.
Required Minimum Distribution (RMD)/Qualified Charitable Distribution (QCD)
What Is It?
- If you're 70½ or older, make a tax-free charitable donation directly from your IRA (QCD)
- Once you reach age 73, this gift can satisfy all or part of your RMD
Benefits
- Make a gift directly from your IRA without increasing your taxable income
- If you're 73 or older, satisfy your annual RMD requirement
- Reduce your adjusted gross income, which may help lower Medicare premiums
- Support our Jewish community while managing your tax obligations
How to Give
- Contact your IRA custodian or financial institution
- Request a direct transfer to JewishAkron, 750 White Pond Drive, Akron, OH 44320
- Tax ID: 34-1884695
Important: The transfer must go directly from your IRA to JewishAkron to qualify as a QCD.
Donor Advised Fund (DAF)
What Is a DAF?
- A charitable giving account for tax-deductible contributions
- Invest funds for potential growth
- Recommend grants to JewishAkron over time
Benefits
- Receive an immediate tax deduction when you contribute to your DAF
- Your contribution can be invested and potentially grow tax-free
- Simplify your recordkeeping with one tax receipt for multiple gifts
- Recommend grants to JewishAkron at your convenience
How to Give
- Contact us to set up a DAF, or reach out to your DAF sponsor (Fidelity Charitable, Schwab, Akron Community Foundation, JewishAkron, etc.)
- Request a grant to: JewishAkron, 750 White Pond Drive, Akron, OH 44320
- Tax ID: 34-1884695
Stock Transfer
What Is It?
- Donate appreciated stock or securities directly to JewishAkron
- A tax-smart way to support the Annual Campaign
Benefits
- Avoid capital gains taxes on appreciated securities
- Receive a charitable deduction for the full fair market value of the stock
- Make a larger impact with the same investment
How to Give
- Contact Julie Nations for more details
- Work with your financial advisor or broker
- We'll guide you through the seamless process
Questions?
Contact Julie Nations, Director of Philanthropy, at jnations@jewishakron.org or (330) 835-0070 to learn more about these giving options and how we can help you maximize your impact while reaching your financial goals. We are happy to assist you or your financial advisor to ensure a smooth process.