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Gifts from Retirement Accounts & Required Minimum Distributions 

If you are over 72, you are required to withdraw funds from your retirement accountsbut what if you do not need those funds? If you would rather not declare the income, and you would like to make a difference in the community, there is a solution!

  • You can direct the custodian of your IRA account to contribute up to $100,000 to Action for Post-Soviet Jewry as a “Qualified Charitable Contribution.” The funds will go immediately to the vital work of Action, and you will not have to declare those funds as taxable income.
  • With a gift of securities, you can help Action-PSJ while realizing a double benefit for yourself: Gifts of securities are tax-deductible at full market value on the date of transfer to Action-PSJ and you can potentially save income tax and capital gains tax on the appreciation. Download our stock donation form to get started.

  • Click here to download Action-PSJ's Stock Transfer Form

  • If you are reviewing your estate plans, consider leaving all or part of your retirement assets to Action for Post-Soviet Jewry and other charitable organizations. If you hold traditional qualified IRAs, 401(k)s, or other retirement assets where the income tax was deferred, your heirs will be responsible for paying income tax after they inherit those funds.

  • You would do well to discuss with your advisors how to leave your heirs different, non-taxable funds, while designating Action for Post-Soviet Jewry as the beneficiary for a percentage of your retirement funds.
  • If you choose to designate APSJ as a beneficiary of a qualified retirement plan, such as an IRA, 401(k), or 403(b), simply contact your retirement plan administrator and complete the appropriate beneficiary designation form.
  • As a charitable organization, Action for Post-Soviet Jewry would not have to pay taxes on tax-deferred retirement funds. 
  • All of your assets would go to work for the people and causes you care about the most.

If you have any questions, please contact Debbie Kardon, Executive Director, at 781-893-2331 actionpsj@gmail.com.

 

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We keep your personal information private and secure. When you make a payment through our site, you provide your name, contact information, payment information, and additional information related to your transaction. We use this information to process your payment and to ensure your payment is correctly credited to your account.

Action for Post-Soviet Jewry Agency, is a registered Massachusetts non-profit corporation, Tax ID number 51-0137190. Your donation is tax-deductible as allowed by law.

APSJ does not provide tax, financial, or investment advice.  If you have any tax, investment, or financial questions, please consult a qualified advisor or counselor.

All beginnings require that you unlock new doors. The key is giving and doing. Give tzedakah and do kindness.
R’ Nachman of Bratslav

 

To make an immediate online donation click here:

 

To learn how to make a legacy gift click here:

 

To If you prefer to make a gift by mail, send your check made out to:
Action for Post-Soviet Jewry
1430 Main Street
Waltham, MA 02451

To make a gift by phone, please call:
(781) 893-2331

Sun, April 28 2024 20 Nisan 5784