Gifts from Retirement Plans During Life

Gifts from Retirement Plans During Life Diagram

How It Works

  1. Donor takes a distribution from qualified retirement plan or IRA that is includable in gross income
  2. Donor makes a gift of the distribution or of other assets equal in value to the distribution to UJA-Federation
  3. Donor receives an offsetting charitable deduction
  4. If donor is 70½ or older, read ahead about the IRA rollover opportunity available

Benefits

  • Donor may draw on perhaps donor's largest source of assets, with no adverse tax consequences, to support UJA-Federation
  • The distribution offsets minimum required distribution
  • If donor uses appreciated securities instead of cash from distribution to make gift, donor will avoid the capital-gain tax on the appreciation

More Information

Contact Us

William Samers, Vice President
212.836.1755
samersw@ujafedny.org

Stanley Baumblatt, Director
212.836.1305
baumblatts@ujafedny.org

Shira Hudson, Associate Director
212.836.1232
hudsons@ujafedny.org

 

UJA-Federation of New York
130 East 59th Street
New York, NY 10022

Phone: 1.800.997.5266
Fax: (212) 836-1172
E-mail: plannedgiving@ujafedny.org

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