2017-12-20 / Columns

Year-end gifts to the Jewish Federation mean so much to so many

FEDERATION PRESIDENT’S CORNER
GLENN FUHRMAN
Federation President

December 31 signals not only the end of the calendar year and thoughts of New Year’s resolutions, but also the last day to reap the benefits of a 2017 tax deduction for your charitable giving. If you haven’t yet made your gift to the Jewish Federation, now is the time to do so!

Your gift to the Jewish Federation’s JFund directly supports our family of agencies, so they can provide the programs and services our community has come to love and depend on. Together, we make an IMPACT on the lives of tens of thousands of people each year.

For older adults, that means 20,000 meals served each year through the JCC’s daily lunch program. For individuals with special needs, that means 1,800 caregivers found the necessary resources each month through the Jewish Abilities Alliance website. Through global connections, your gift helped more than 12,000 at-risk children throughout Israel who were mentored through Youth Futures to create opportunities for individual and family growth and development. Through community engagement, the Jewish Federation has mentored 120 current and rising community leaders through the Federation Leadership Institute (FLI), educating them in Jewish communal leadership and giving them an inspiration to help grow and sustain our vibrant Jewish community. And for family and youth, that means the 425 students currently enrolled in Gift of Israel can better afford a post-confirmation trip to Israel through this matching savings program.

Tax-deductible gifts come in all shapes and sizes. For those 70 1/2 and older, an IRA charitable rollover distribution is an easy and convenient way of making a meaningful gift to the Jewish Federation. This type of distribution doesn’t count as income, yet still counts toward your required minimum distribution for the year, which generally results in a tax savings for the donor. Gifts of appreciated stock are a popular alternative to cash gifts because they can actually save taxes twice. You may avoid paying capital gains tax on the value of securities transferred to the Jewish Federation and you may be eligible to take a charitable contribution deduction for the fair market value of the securities at the time of the gift with this type of gift. As always, please consult with your financial advisor before making an IRA charitable rollover distribution or gifts of appreciated stock.

As you make your final charitable decisions for 2017, consider a gift to the Jewish Federation. You may never meet the recipients of your generosity, but know that your gift makes a real IMPACT in our South Jersey Jewish community—and beyond.

I hope it’s been a happy, healthy, and prosperous year for all of you. Todah Rabah, thank you very much, in advance for all that you do to make our South Jersey Jewish community thrive. Donate today at jewishsouthjersey.org/jfund.

jfedpres@jfedsnj.org

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