Take Advantage of a special Tax provision: Donate to your Temple through your IRA
Through 2011, Congress has extended a special provision to help those 70-1/2 and older dependent on social security and other forms of retirement income to encourage charitable giving. Persons with traditional or Roth IRAs may make tax-free gifts directly to qualified charities, including their synagogues. Such persons may choose to make charitable distributions from their IRA up to a total of $100,000 in 2011. A couple with separate IRAs each can make gifts up to $100,000. Here is a letter that you can adapt to send to your congregants in this age demographic or use for publication in your December newsletter.