Oct 22, 2024

Your Savings, Your Legacy With The Foundation of the Greater Miami Jewish Federation

“You saved and saved. Now use your savings to create your Jewish legacy,” says Federation Past President and Board member Michael Scheck. Along with his wife, Federation Board member and Past Women's Philanthropy President, Raquel, Michael funds their Federation donation through an IRA charitable rollover. If you are 70½ or older, you can join the Schecks and many other generous individuals and families and use your individual retirement account (IRA) to support Jewish Miami. By making an IRA charitable rollover gift to Federation, you may avoid taxes on transfers of up to $105,000; satisfy some or all of your required minimum distribution for the year and reduce your taxable income, even if you do not itemize deductions. You may also use your rollover to make payments on an existing pledge or to create your Jewish legacy. To learn more, click here or contact Scott Kaplan, Director of The Foundation, at [email protected] or 786.866.8623.