Invest in HaNefesh at the End of 2021

Checks can be sent to:

HaNefesh
15333 Culver Dr.
Suite 340-2A
Irvine, CA 92604

HaNefesh is about building Jewish life without “Building Funds.” Our concrete and mortar are the strong relationships that bind our community together, the learning that provides a foundation of knowledge and enrichment, and the spiritual connections that uplift our souls toward wholeness, breath, and peace. 

As we approach the final days of 2021, this is an excellent time to consider your year-end charitable giving. Please consider an end of year gift to help HaNefesh continue our sacred work. 100% of your support makes HaNefesh happen for all who seek us out. 

Did you know that your year-end gift can offer you tax benefits, while also allowing you to support HaNefesh?

There are unique tax-savings opportunities available in 2021. To take advantage of them you must act before December 31, 2021.

Leverage the Charitable Power of Your IRA

The 2019 SECURE Act raised the age at which you must take annual Required Minimum Distributions (RMD) from your IRA to age 72. However, beginning at age 70½, you may make tax-free charitable gifts of any amount, up to $100,000 per year, directly from your IRA to a non-profit and the distribution will not be counted as income to you.

All or a portion of the RMD can be sent from your account directly to HaNefesh, without paying taxes. That means 100% of your gift will go to HaNefesh and support our community.

If you are planning to use your IRA for charitable giving, please plan ahead and work with your IRA administrator to ensure that HaNefesh receives your gift in advance of the December 31 deadline.

Make a 100% Deductible Charitable Gift

This year, the 2020 CARES Act allows you to deduct cash gifts to charitable organizations up to 100% of your adjusted gross income. This provision expires on December 31, 2021.

To take advantage of this opportunity, you might consider increasing the size of your annual gift, funding a HaNefesh program you care about or want to create, or creating an endowed fund.

The CARES Act also allows non-itemizers to take a deduction for charitable cash gifts — up to $300 for an individual or up to $600 for joint filers.

We recommend that you consult with your financial or tax advisor about these and any other tax strategies.

Share:

Related Posts