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Year End Giving Tips

Donations by Check
Donations paid by check and mailed must be postmarked by December 30, 2017, and checks dated no later than December 31, 2017 to be acknowledged as a 2017 gift. IRS policy is that gifts postmarked on January 1, 2018 are not deductible in 2017.

Donations by Credit Card
Credit Card donations paid through our website must be completed before midnight December 31, 2017, Pacific Standard Time.

Credit Card donations paid through the Federation office will be processed each Friday in December, with the final processing on Friday, December 29. We must have your credit card information by the end of the day Thursday, December 28 to ensure we have time to process all transactions by the end of the day Friday, December 29.

IRA Rollover or Qualified Distribution
The IRA Charitable Rollover is now permanent! Those age 70 1/2 or older can make a direct distribution from an IRA to Jewish Federation to help sustain and enhance Jewish life in our community and beyond. The contribution will be excluded from income for federal purposes and is not taxed; the rollover counts toward the required minimum distribution; and, giving from an IRA is an easy and convenient way to make a meaningful gift. To count for 2017, Jewish Federation must receive your IRA distribution by December 29.
 
Stock Gifts
If you are interested in giving stock to the Federation, the stock must be transferred to a Federation brokerage account by December 29, 2017 in order to be considered a gift in 2017. The Federation maintains a stock brokerage account at Charles Schwab, and prefers donors have their brokers transfer stock to that account. The Federation’s policy is that donors receive credit on their account for the net amount of stock proceeds, after commissions and expenses of sale. Regardless of the account you use, please notify the Federation Accounting Department when you order a stock transfer to a Federation brokerage account. We handle dozens of stock gifts in December of each year, and it is important we are notified about each one, so that the stock is sold promptly, and gift amounts are credited correctly. The Federation is not liable for fluctuations in the value of stock donated unless we are notified immediately upon the transfer of stock to our account.

Gifting Israel Bonds
The Federation also accepts matured Israel Bonds in payment of Federation pledges. Bonds must be assigned to JFNA via a standard form available from the Federation Accounting Office. Signatures must be medallion stamped by an authorized financial institution. Please contact Mark Shuster at 913.327.8113 if you have an Israel Bond you would like to gift to the Federation, or marks@jewishkc.org.

Tax Acknowledgment Policies
The Federation issues tax acknowledgment statements by January 31 for all cash, check or credit card gifts paid in the prior year which total at least $250. Stock gifts are acknowledged separately at the time of receipt, after settlement and proceeds are received. Copies of tax acknowledgment statements are always available from the Federation Accounting Department at 913.327.8113, or make your request by e-mail to marks@jewishkc.org.
 
Office Hours at Year End, and How to Contact Us
As always, if you have any questions about making a donation to the Federation, please contact either Lisa Schifman, Federation Financial Resource Development Director at 913.327.8083 or e-mail at LSchifman@jewishkc.org, or Mark Shuster, Federation Chief Financial Officer at 913.327.8113 or e-mail at marks@jewishkc.org.

The Federation office will be open until 4:30 pm on Friday, December 29.