Qualified Charitable Distribution Option : Temple Solel

Qualified Charitable Distribution Option

Make a Distribution to Temple Solel from your Donor Advised Fund or Family Foundation

The IRA Charitable Rollover Law (permanently extended) allows individuals 70½ or older to give up to $100,000 directly from their IRA to qualified charities without paying federal income tax on the distribution. If you wish to make a gift to benefit Temple Solel a qualified charitable distribution (QCD) from your IRA can be a great option.

IRA Charitable Rollover details:

Donors must be age 70½ or older at the time the gift is made.

Only traditional IRAs are eligible. However, owners of other types of qualified plans may roll assets into a new IRA to allow them to make gifts if such a rollover is otherwise permitted. Donors should consult with their tax advisor before doing so.

Donors must ask their plan administrator to make a direct transfer of funds to a qualified public charity. It is important not to withdraw funds before making a gift.

Gifts cannot be used to fund a gift annuity or charitable remainder trust.

Each donor may give up to $100,000 per year. For couples, each spouse may give up to $100,000 from their IRA.

Distributions made under this law can be used to satisfy the donor’s required minimum distribution (RMD). However, qualified charitable distributions are not limited to the donor’s RMD.

To qualify for tax-free treatment, donors cannot receive goods, services, or a personal benefit (such as tickets for events) in return for the QCD.

To make a gift to Temple Solel or Temple Solel Endowment Foundation from an IRA, contact your IRA plan administrator or custodian and request a direct QCD from the IRA account to either:

Temple Solel

(Tax ID number: 86-0680065)

Temple Solel Endowment Foundation

(Tax ID number: 86-0680065)

Please mail checks:

Temple Solel

6805 E McDonald Dr

Paradise Valley AZ 85253

Please contact Temple Solel 480-991-7414 to inform us of your gift and how you would like it directed (Temple Solel Annual Campaign, general fund, specific program, or fund).

DISCLAIMER
This information is not intended as legal or tax advice. Please consult your professional advisor for information on how any gift may affect your tax situation.