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Gift of Retirement Assets

Gift of Retirement Assets
Retirement Assets
JFNA
What To Give
A gift of your retirement assets, such as a gift from your IRA, 401k, 403b, pension or other tax deferred plan, is an excellent way to make a gift to The Jewish Federations of North America.

If you are like most people, you probably will not use all of your retirement assets during your lifetime. Make a gift and help to support the Jewish community.

Leave your retirement assets to us

Did you know that 50%-60% of your retirement assets may be taxed if you leave them to your heirs at your death? Another option is to leave your heirs assets that receive a step up in basis (such as real estate and stock) and give the retirement assets to your Jewish Federation, Jewish Community Foundation or The Jewish Federations of North America (JFNA). As charities, none of us is taxed upon receiving an IRA or other retirement plan assets.

Making a Bequest of Your Retirement Assets

A retirement asset, such as an IRA account, makes an excellent bequest to your Jewish Federation, Jewish Community Foundation or JFNA. If the IRA were given to your family, much of the value could be lost through estate and income taxes. When you designate a charity as the beneficiary of all or part of your IRA (using a beneficiary designation form provided by your custodian), the full value of the gift is transferred tax-free at your death and your estate receives an estate tax charitable deduction.

Contact Us for More Information

If you have any questions about using your retirement assets to make a gift, please contact your Jewish Federation or Jewish Community Foundation directly, or contact JFNA here to send an email with your questions or comments.

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Any tax consequences described on this page are based on U.S. federal tax law. Charitable deductions from state and local taxes or from Canadian and provincial taxes may not be available to the same extent as from U.S. federal taxes. The Jewish Federations of North America (JFNA) does not provide legal advice. Donors are encouraged to seek independent tax and legal counsel. You may read JFNA's charitable solicitation disclosure statement here and important information about endowment gifts and bequests to JFNA here.