Click on the options below to learn how to use your retirement assets to make a charitable gift now or to fund your legacy gift:

    • > How does it work?
      • > If you are required to receive annual “minimum required distributions” from an IRA, you can direct these distributions, tax-free, to the Jewish Federation of Cincinnati to make a current gift or to fund a legacy gift.
      • > To make this Qualified Charitable Distribution, instruct your IRA administrator to make the distribution, in the amount you choose (up to $100,000 annually), directly to the Federation, instead of distributing that amount to you.

    • > What are the benefits?
      • > Regardless of whether or not you itemize, a Qualified Charitable Distribution from your IRA is not considered taxable income and therefore is not included in your adjusted gross income. This can also potentially lower Medicare premiums and taxation on Social Security income.
      • > It enables you to fulfill your required minimum distribution and use the proceeds to make tax-free gifts to charities.
      • > You can designate your contribution to make a current gift or begin funding your legacy gift.

  • > How does it work?
    • > Simply fill out a beneficiary designation form provided by your retirement account holder. Name the Jewish Federation of Cincinnati solely or along with other charitable organizations as the beneficiary(ies). You may choose to designate either a percentage or the entirety of your retirement plan in this risk-free way to fund your legacy.

  • > What are the benefits?
    • > Easy to do Completing the beneficiary designation form does not require a lawyer or accountant, and there are no fees.
    • > Use of Retirement Assets during Lifetime You may continue to use funds from the retirement plan as needed during your lifetime, passing the remainder to your designated beneficiaries after both spouses have passed away.
    • > Revocable Revoke or modify beneficiary designation forms any time during your lifetime, at no cost to you.
    • > Tax Savings Your heirs are subject to taxes when they inherit retirement funds, while public charities are not. Charitable organizations will receive 100 percent of your gift if designated as beneficiaries.

Questions about qualified charitable distributions or need help getting started? Contact:

Jim Friedman
Director of Planned Giving and Endowments

Lisa Hacker
Director of Philanthropic Planning