Give more, pay less in taxes before CARES Act benefits expire!
Make an even greater impact on Bible translation—thanks to these special tax provisions, which expire on December 31, 2021:
- If you itemize deductions on your federal taxes, you can deduct up to 100% of your AGI for charitable gifts made in 2021, and carry over any excess for 5 years.
- Even if you don’t itemize, you can deduct up to $300, or $600 if married filing jointly.
- If you are at least 59½, you may take a distribution of any amount from your IRA or 401k, give the same amount to a qualified charity, and avoid paying any federal income taxes on the distribution.
Note that because JAARS is registered as a “supporting organization” to SIL International, qualifying gifts must be made out to SIL International with the memo, “For the preferred use of JAARS.” Learn more here, and as always, please check with your tax advisor for official guidance.
Send a check to JAARS, PO Box 248, Waxhaw, NC 28173.
Please include the following:
- The area(s) you’d like to designate your gift toward, if any
- Your mailing address, if you’d like a receipt for tax purposes
- Your phone number and/or email address, so that we may contact you with any questions
Goods or Property
We’re always looking for small aircraft, vehicles, and boats. Sometimes, they can be outfitted and sent to our partners. Other times, we’ll sell the item and put that money toward the most pressing needs.
We can’t accept computers or clothes. But we can take plenty of other things, such as artwork, fine jewelry, collectibles, or real estate. Email us or call 888.773.1178 to get started. We’ll be glad to discuss your unique situation!
Qualified Charitable Distributions—A Tax-Free Option
If you are 70½ or older, you can give to JAARS directly from your IRA account—without having to pay any income taxes on the transfer. QCDs, also known as IRA rollovers, must be received by December 31 to qualify for this calendar year. To get started, follow the simple steps below.
How do I take advantage of this strategy?
1. Contact your IRA administrator to initiate the transfer. Please note, the gift must come directly from your IRA account to qualify.
2. Checks should be made out to our parent organization, SIL International, with the memo: “For the preferred use of JAARS.”
3. Checks should be mailed to JAARS, PO Box 248, Waxhaw, NC 28173. Please include a letter stating that this is an IRA rollover, and note if you would like to designate your gift to a specific fund.
What are the benefits?
- Pay no taxes on transfers of up to $100,000 to a qualifying charity.
- Reduce your taxable income, even if you don’t itemize deductions.
- Count the gift toward your required minimum distribution for the year.
Appreciated Securities
Pay less in taxes, and put more toward making Bible translation possible. It’s easy: If you’ve owned assets such as stocks, bonds, or mutual funds for more than a year, and they’ve increased in value, sign them over to JAARS. You’ll get the usual income deduction—if you qualify—and skip capital gains taxes. Learn more below, or you can email us or call 888.773.1178 to get started.
Planned Giving
Leave a legacy of Bible translation. To name JAARS as a beneficiary in your will, estate plan, donor advised funds, IRA, 401k, etc., please use the following language on your documents:
“______ (% or $ amount) of ______ (asset or assets) to JAARS, Inc., PO Box 248, Waxhaw, NC 28173, Federal Tax ID #56-0818833.”
Email us or call 888.773.1178 with any questions. We’re glad to discuss your vision and help you plan for a lasting impact.
Workplace Giving
Does your company let you give through payroll deductions? Or a yearly campaign? See if JAARS is an option. It adds up, especially if your company matches gifts.
To participate in the Combined Federal Campaign, simply use our campaign number:
Combined Federal Campaign: 11739
State and Local Campaigns: 2447
AmazonSmile
Support Bible translation while you shop! Simply shop at smile.amazon.com and select JAARS as the charity you’d like to support. Amazon will donate 0.5% of your eligible purchases to us—with no fees or extra cost to you.
