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Year End Charitable Gift Planning Ideas


A brief guide to the advantages of giving on or before December 31, 2016.

As you review your 2016 year-end tax planning, we hope you will consider making good use of the income tax charitable deduction through several different strategies discussed below. While providing meaningful financial support for the beneficiaries of Federation agencies and programs, your year-end gift to the Jewish Federation of Palm Beach County may also significantly reduce your income taxes.


A donor advised fund is a named fund of the Jewish Federation of Palm Beach County in which you, as the donor advisor, retain the privilege to make recommendations for charitable grants from the fund.

You can create a donor advised fund by making an irrevocable gift of cash, securities, or other property to the Federation. You may receive an immediate income tax deduction for the amount of the initial gift and on each subsequent gift to the fund.

The fund is invested and generally no tax is paid on the income generated by the fund. You may make charitable grant recommendations to qualified public charities from both income and principal. If you’d like, you may also include your spouse or children as advisors to the fund.


Individuals 70 1/2 and over may distribute up to $100,000 per year tax free from an Individual Retirement Account (IRA) to the Jewish Federation of Palm Beach County or other qualified charity. These distributions may count toward your Required Minimum Distribution but may exceed that amount if less than $100,000. The potential tax savings is available both for donors who itemize and those who do not. In recent years, hundreds of donors took advantage of this legislation (which is now permanent), benefiting not only themselves, but our Jewish community.

You are allowed to make a distribution from your IRA directly to the Federation. Although the transfer may be used to create an endowment fund, it may not, however, be distributed to a donor advised fund, supporting foundation, private foundation, charitable remainder trust or charitable gift annuity.

There are many opportunities for you to take advantage of the IRA Charitable Rollover:

• Secure your Annual Campaign gift

• Pre-pay multiple years of giving

• Establish a Lion of Judah or Annual Campaign Endowment

• Make a designated gift through Federation to a cause you are most passionate about

• Create your lasting legacy through the Jewish Community Foundation


If you itemize, you may lower your yearly income taxes simply by mailing a check to the Federation by December 31. There is no easier way to secure a year-end charitable deduction and support the Jewish community at the same time! Make sure your envelope is postmarked by December 31; if it is, your gift will be deductible for 2016.

Gifts of cash are fully deductible – up to a maximum of 50% of your adjusted gross income. For example, if your adjusted gross income for the current year is $100,000, up to $50,000 of charitable gifts may be deducted. Any excess can generally be carried forward and is deductible over as many as five subsequent years.


Making a gift using appreciated securities generally offers a two-fold tax savings. First, because the Federation is a qualified charitable organization, when you make a gift of securities, you avoid paying any capital gains tax on the increase in the value of the securities you transfer to the Federation. Second, you may receive an income tax charitable deduction for the full fair market value of the securities at the time of the gift.

Make sure you have owned the securities for more than one year to qualify for these significant tax advantages. To qualify for a year-end deduction, your gift of securities needs to be delivered to the Federation by December 31.

A stock broker or trust officer can arrange to transfer a year-end gift of securities from your investment account to the Federation.

Gifts of appreciated securities are fully deductible – up to a maximum of 30% of your adjusted gross income. And, as with a gift of cash, any excess can generally be carried forward and is deductible over as many as five subsequent years.

If you would like further information, please contact Carolyn Rose at 561.242.6679 or carolyn.rose@jewishpalmbeach.org. All inquiries are confidential.

This material is presented for informative purposes only and should not be construed as legal, tax, or financial advice. When considering gift planning strategies and year-end gift opportunities, you should always consult with your own legal, tax, or financial advisors.

The Jewish Community Foundation creates permanent financial support to sustain a vibrant Jewish community in the Palm Beaches, in Israel and throughout the world.

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The Jewish Federation of
Palm Beach County

4601 Community Drive
West Palm Beach, FL 33417-2760
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