Planned giving is a wonderful way to support Temple Aliyah's endowment. It also can offer great benefits to you. Planned giving options include:
Current gifts to the endowment are fully tax deductible, subject to the Tax Code’s percentage limitations. You can give cash or securities. Contributing appreciated securities not only generates a charitable deduction but also permits you to avoid realizing a capital gain on the appreciation. If you would like to make a substantial gift but want to structure it to be paid over a number of years, you may make a charitable pledge. Also, if you have established a private foundation or a donor-advised fund, please consider making a grant to the endowment from that source (but such a grant should not be used to satisfy a pledge).
Retained income gifts permit you to convert appreciated assets into an income stream during lifetime without generating a current capital gains tax, and permit a current deduction for the charitable interest. At death, the remaining funds would be added to the Temple Aliyah endowment. Such a gift could take the form of a Charitable Remainder Trust or a Charitable Gift Annuity.
Estate planning is another opportunity to provide for the endowment. Consider adding a gift to the endowment in your will or revocable trust. It would provide a lasting legacy and also generate an estate tax deduction. Also consider naming the endowment as a beneficiary of a portion of your IRA or qualified retirement plan—such a gift would pass free of both estate tax and income tax.
Members of the Endowment Committee would be happy to speak with you or your advisors about options for tax-wise giving, and would be happy to provide language for properly designating the endowment in your estate plan. For more information, please contact David Levy, Chair of the Temple Aliyah Endowment Committee or submit the Inquiry Form and a member of the Endowment Committee will contact you as soon as possible.