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Three Tax Advantaged Ways to Support Temple Sinai

An Easy Way to Donate

Gifts of appreciated stocks, bonds, real estate, tangible assets — or just a check — are the easiest and most direct form of supporting Temple Sinai. These gifts are the most immediate way to enhance Temple life, and they often lead to an immediate tax deduction. Plus, a gift of appreciated property can yield additional tax savings.

“Bunching Donations”

If you don’t have enough deductions to itemize, we encourage you to group your donations in          certain years to maximize tax benefits or to engage in other tax-advantaged strategies. For              example, you may prepay your 2020-21 membership contribution at the time you pay your                2019-20 membership contribution. Just send double the amount — hopefully with a bit of an            increase for 2021 – and indicate that you wish us to hold half for next year.

Qualified Charitable Distributions (QCDs)

For those who are 70 ½ or older, Qualified Charitable Distributions (QCDs) are a great way to support Temple Sinai during your lifetime. A Qualified Charitable Distribution (QCD) is a direct transfer from your IRA to a qualified charity, totally free of federal tax. QCDs count toward your annual required minimum distribution (RMD) if certain rules are met. A QCD is often more tax efficient than taking the required distribution and making donations separately.


Please be in touch if a conversation would be useful to you. Executive Director Terrie          Goren terrie@oaklandsinai.org and Rhonda Hartman rhonda@oaklandsinai.org are standing by, and ready to answer any questions that you may have. You may also contact them at the temple office at (510) 451-3263.

Please remember that information from Temple Sinai is intended to be educational and is not intended as legal or financial advice. Please check with your financial and legal advisors on how best to take advantage of these tax advantaged ways to benefit Temple Sinai.

Sat, February 22 2020 27 Sh'vat 5780