Donate via IRA
When you reach age 72, you can direct all or part of the annual required minimum distribution (up to $100,000 per individual in a calendar year) from a traditional IRA to Chabad of S Francisco. By doing so, you pay no taxes on the distribution while helping our SF neighbors most in need.
Reducing your taxable income while simultaneously benefiting our community The opportunity to direct the distribution to create a new Named Endowment Fund, add to an existing Named Endowment Fund, or satisfy an existing pledge to Chabad of S Francisco NOTE: The distribution cannot be directed to a Donor Advised Fund, nor used to pay for tickets to an event.
Contact your IRA custodian, requesting that a specified amount of your distribution be made directly to Chabad S Francisco inc, 496 Natoma St SF, CA 94103 Tax ID 94-3003612 Notify Chabad of S Francisco that your gift is on the way and let us know how you would like it to be used Thinking of leaving a bequest? You can also designate Chabad of S Francisco as an eventual beneficiary of your IRA.
If you make a contribution to your IRA this year, the amount you are allowed to give tax-free through a Charitable IRA Rollover may be reduced by the amount added to your IRA.
As with all important financial decisions, you may want to consult legal and financial professionals for advice.
