The Jewish Community Foundation of New Mexico's mission is to build and perpetuate support for a vibrant, caring Jewish community through partnerships with donors and organizations.
The wellbeing of our community depends upon planning for and investing in the future.
Tips On Charitable Giving
The IRA Charitable Rollover is Permanent
By Grace Allison
Congress has reinstated the IRA Charitable Rollover for 2015 and made it permanent for 2016 and thereafter. (The provision, first enacted in 2006 as a temporary two-year measure, was previously in effect only through 2014. )
The new legislation, signed into law this December 18, allows anyone 70 1/2 or older to make a direct contribution of up to $100,000 in a single year—including this year—to a public charity from a Traditional IRA—and not pay tax on the amount distributed to charity! Gifts to public charities, such as the Jewish Community Foundation of New Mexico are permitted—but gifts to donor advised funds or private foundations are not. According to Independent Sector, "in the first two years the IRA Charitable Rollover was in effect, "more than $140 million was donated from IRAs to support the work of public charities across the U.S." No charitable deduction is available for a direct contribution to charity from a Traditional IRA: the tax benefit lies in having the IRA distribution be tax-free, which reduces taxable income.
A Gift That Will Keep Giving
“We really want to help perpetuate the institutions in the Jewish community,” explains Janice Paster, describing the $100,000 gift she and her husband, Dr. Stuart Paster, made to the Jewish Community Foundation of New Mexico to create the Janice & Stuart Paster Family Endowment Fund. Annual grants from the fund will be made beginning in 2016 and in every year thereafter.
News & Events
Save the Date: Jewish Legacy Event - Sunday, March 26, 2017
Celebrating the Past, Enriching the Future
Join us at 12:30 pm in the Albuquerque Museum's Ventana Salon. We'll celebrate The Jews of Albuquerque in the 20th Century: Building Community along the Rio Grande.
Isbin Scholarship Award Winners Head to College
Four students who graduated from Albuquerque-area high schools in May received the Neil Isbin Scholarship, a $1,000 scholarship toward college tuition.
Students Share Their Israel & Camp Experiences
Israel Experience Fund scholarship recipient, Megan McCorquodale, received a grant that helped her participate in BBYO's March of the Living this spring. The two-week trip began with a week in Poland visiting concentration camps and concluded with a week in Israel.