YEAR-END GIVING

Doing Something More…

As you plan your year-end giving – remember that your contributions to Alzheimer’s New Jersey® may qualify for a tax break if you itemize deductions on your federal tax return.

Want to have greater impact? Consider these assets as you make your charitable plans to help New Jersey families facing Alzheimer’s disease or other forms of dementia.

IRA Distribution

If you are 59 ½ or older, you can take a distribution from your IRA and then make a gift to Alzheimer’s New Jersey without penalty. It you itemize your deductions; you can take a charitable deduction for the amount.

If you are 70 ½ or older, you can give any amount up to $100,000 per year from your IRA directly to Alzheimer’s New Jersey. You will not pay income taxes on the transfer. If you are 72 or older, you can use this transfer to satisfy your requirement minimum distribution.

Your gift must be received by December 31st.
Speak with your tax advisor to see if this rollover gift meets your tax needs.

Appreciated Stock

You may enjoy two tax benefits with a gift of appreciated stock. Avoid paying taxes on the appreciated value and qualify for an income tax charitable deduction based on today’s market value when you itemize.

It’s important that you plan your year-end stock gift as early as possible. All stock transfers must be completed by December 31st. Please contact Nancy Wellbrock at 973 586-4300 so we can let our broker know that a transfer will be made. Your broker will need the following information which we can provide: Account Name, Account Number and DTC Number.

Donor Advised Fund

Contribute to a donor advised fund this calendar year and enjoy a tax savings on the amount you contribute to the DAF when you itemize. A donor-advised fund, or DAF, is like a charitable investment account for supporting charitable organizations you care about.

When you contribute cash, securities, or other assets to a donor-advised fund you are generally eligible to take an immediate tax deduction. Those funds can be invested and you can then recommend grants from your DAF funds to IRS-qualified public charities.

Your contribution to a Donor Advised Fund needs to be completed by December 31st to receive tax benefits. Funds do not need to be designated this calendar year to receive those benefits.

All contributions to Alzheimer’s New Jersey benefit New Jersey families!

Thank You!