Year End Giving Tips
Year End Tzedakah
Members often ask how they can support Beth El while maximizing their tax implications. If you’re considering a gift to Beth El as the year ends, the following are options many have found beneficial:
Initiate Gifts of Stock or Other Securities
Giving appreciated stocks, bonds, or mutual fund shares held more than one year can provide an immediate benefit to Beth El and may be more tax efficient than cash. By making a gift to Beth El using appreciated securities held for more than one year, you may receive a double tax benefit by avoiding capital gains taxes on the appreciation of the donated asset, and by claiming an immediate deduction for the current fair market value of the property (up to 30% of adjusted gross income).
To make a gift of appreciated security:
- Talk with your broker about the assets you’re interested in giving to Beth El.
- Determine if you would like to make a contribution to Beth El Synagogue or Beth El Foundation.
- Provide your broker with the following information to allow for an electronic transfer securities to Beth El Synagogue or Foundation.
Beth El Synagogue
Broker name: UBS Financial Services, Inc.
Account registration: Beth El Synagogue
Account number: 7A 32653 SL
DTC number: 0221
Account contact: Robert Miller: 612.303.5810 or robert.j.miller@ubs.com
Beth El Foundation
Broker name: UBS Financial Services, Inc.
Account registration: Beth El Foundation
Account number: 7A 49399
DTC number: 0221
Account contact: Robert Miller: 612.303.5810 or robert.j.miller@ubs.com
Notify Beth El of your plans to transfer securities by emailing mwalzer@bethelsynagogue.org and provide the following information:
- Your name and address
- The securities you plan to transfer and the number of shares
- The approximate value of the gift
Use Your IRA
If you are 70½ or older, under the IRA Charitable Rollover Law, you are able to give up to $100,000 to Beth El by making a Qualified Charitable Distribution (QCD).
To make a gift to Beth El Synagogue or Foundation from an IRA, contact your IRA plan administrator or custodian and request a direct QCD from the IRA account to either:
Beth El Synagogue (Tax ID number: 41-0711587)
Beth El Foundation (Tax ID number: 46-4866772)
Please mail checks to:
Beth El Synagogue OR Beth El Foundation
Attn: Matt Walzer
5225 Barry Street West
St. Louis Park, MN 55416
Please contact Beth El to inform us of your gift and how you would like it directed (Beth El’s general fund, specific program, or fund).
DISCLAIMER
Information provided in this message is not intended as legal or tax advice. Please consult your professional advisor for information on how any gift may affect your tax situation.