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Stocks and Other Giving

There are many ways to make a difference through giving to Olam Tikvah.* We welcome gifts of securities and Qualified Charitable Distribution (QCD).

Direct Stock and Securities Donations

If you itemize deductions on your tax return instead of taking the standard deduction, stock and securities donations can increase your donation power in two ways. First, you could potentially eliminate the capital gains tax incurred if you sold the assets first and then donated the proceeds. Second, you may claim a fair market value charitable deduction for the tax year in which the gift is made.

Please contact Julie Lifland with questions and/or to obtain our account and DTC numbers for transfer.

Direct Transfer from Retirement Account and Qualified Charitable Distribution (QCD)

Once you reach 73 years-old, you are permitted to make qualified charitable distributions (QCDs) from retirement accounts. A QCD is a withdrawal from an Individual Retirement Account (IRA) that is made directly to an eligible charity – donors do NOT pay taxes on the distribution. IRA account holders can donate some or all of their required minimum distribution (RMD) to a charity. You can send Olam Tikvah a lump sum to keep as a credit on your account and we will apply to your charges as they arise. Please speak to your financial advisor about this option and which account types are eligible.

*Information shared is general in nature; Olam Tikvah does not provide tax or legal advice. We recommend you consult a tax and/or financial advisor to understand your unique circumstances.

Fri, April 19 2024 11 Nisan 5784