A planned gift to your Jewish community enables you to help those in need - forever. 


 

1) Make A Gift Today

 

You may make immediate gifts of assets or designate The Jewish Federation to receive estate assets in the future. These gifts can be made now without impacting your cash flow, lifestyle, or family security.

For more information, please contact Richard Bergman (941) 552-6306 or rbergman@jfedsrq.org.

 

>> Gifts From Your Will or Trust (Bequest)

Protect the people you love. Create a lasting partnership with the Jewish community and help ensure its future. 

Benefits Include:
• May be made in any amount — no matter how small or large
• Provides a tax deduction for your estate
• Provides permanent resources for The Jewish Federation
• Established through your will
 
By deciding to leave a Bequest of a specific amount of cash, a percentage of your estate, or the remainder of your estate, you can create a permanent legacy. There’s no limit on the amount you may set aside from your estate. You may choose to make a gift of cash, securities, or other property — and your estate will receive a tax deduction in the amount of your charitable bequest. If you have already drafted your will, your attorney can help you arrange a charitable bequest with a simple amendment, or codicil.
Examples of Charitable Bequests:
• Provide income for the Jewish community each year in perpetuity by making a general bequest to establish an endowment fund.
• Provide a gift to an organization or area of interest to you with a specific area or interest bequest.
• Support a cause of interest to you every year, in perpetuity, with a designated bequest to establish an endowment fund.

 


>> Gifts of Stock and Appreciated Assets

Avoid capital gains taxes while supporting The Federation with a valuable gift.

It’s a great way to support The Federation’s mission far into the future without interrupting your cash flow today. The process is easy ... just contact The Jewish Federation or your broker. 

A gift of an Appreciated Asset, often common stock or mutual fund shares, is a valuable way to contribute to The Jewish Federation and receive tax benefits based on the value of the asset(s). 


Because of the appreciation factor, gifts of securities “cost” donors less than equivalent gifts made in cash. By donating the stock, The Federation receives a larger gift than it would receive if the investor first sold the stock and then donated the proceeds after deducting the capital gain taxes. The investor receives a greater tax deduction by giving the stock directly to The Federation and avoiding the capital gain tax.

 


>> Life Insurance – Lifetime Gifts

Make a significant gift while receiving an income tax deduction. Secure the future of the Jewish community — long after you’re gone.

• An inexpensive way to endow your annual gift.

Life insurance is a popular method of providing much-needed funds to a beneficiary at your death. It is also a low-cost way to provide a large benefit for someone in need. 


Life insurance proceeds are almost always income tax–free to the beneficiary. The beneficiary designation in your life insurance policy determines where the proceeds will be distributed. The death proceeds, therefore, are not typically transferred through your will.

Life insurance can be distributed to The Jewish Federation of Sarasota-Manatee, as a named beneficiary of the policy at the time of your death. 

 


>> Gifts of Personal Property

Donate valuable assets that are no longer wanted. Tax benefits will vary.

Tangible personal property, such as art, jewelry, coin collections and household furnishings can be gifted under specific guidelines from the IRS as to the tax deductibility of the gift. Two key issues to be considered before contributing a gift of this type is whether or not the item(s) can be put to related use or whether its use or function is related to the tax-exempt purpose of the charity to which it is donated.


The IRS has very specific guidelines for appraising and reporting gifts of tangible personal property, which must be followed to support a charitable income tax deduction. Gifts such as these are reviewed on a case-by-case basis.

Discuss giving options with your advisors and The Jewish Federation. These gifts are a lot easier than they sound and will make a real difference to the Jewish community!

 


>> Real Estate

Remove a large asset from your taxable estate while making a meaningful gift. Benefits to you will vary.

Benefits Include:
• Avoid capital gains tax 
• Receive an income tax charitable deduction


Make a gift of Real Estate while transferring the responsibility and expense of managing the property! Each piece of property and its unique circumstances are reviewed to determine the suitability of the property as a gift. Generally, an acceptable piece of property is one that can be readily sold. 

There are many ways to donate property. It can be an outright gift, a retained life estate, or placed in a trust. Each offers different benefits to you. And they’re not complicated.

Contact The Jewish Federation or your advisor to review the options of gifting real estate.

 


>> Retirement Plan

The most efficient distribution of the assets in your estate plus a tax-free donation to The Federation.

Estimates are that taxes could eat up as much as 70-75% of Retirement Assets if you pass the funds onto your children or heirs. However, by designating 

The Jewish Federation as a beneficiary, funds pass to The Federation free of taxes. It is possible to set up the beneficiary as the recipient of the entire remaining funds in the account or establish a percentage of funds. 
 

Making a gift of your retirement plan is a great and easy way to ensure the most efficient distribution of the assets in your estate — and to help The Jewish Federation do what we do today even better in the future.

Please note: The designation of The Jewish Federation as a beneficiary of retirement fund assets can not be simply written in your will or trust. The charity must be designated as a beneficiary of the retirement plan.

 


>> Lion of Judah Endowment (LOJE)

The Lion of Judah Endowment, or LOJE, is the endowment component of the Lion of Judah Major Gifts program. It is a powerful statement of your commitment to tzedakah, providing a legacy for family and community.

Every woman who contributes $5,000 or more to her community’s annual campaign can establish a LOJE by establishing a fund of $100,000 or more in her name, ensuring perpetuation of her Lion of Judah level annual campaign gift.


A LOJE fund is not intended to substitute for any part of an annual gift. It is your lasting legacy for the future. If you make this gift during your lifetime, you receive a charitable income tax deduction. There are a variety of ways to create endowments that do not have to be funded during your lifetime and still provide you with considerable tax benefits.

All LOJE funds are invested and prudently managed for maximum yield.

 

>> Perpetual Annual Campaign Endowment (PACE)

A Perpetual Annual Campaign Endowment is a permanent fund of your Federation established in your name. This restricted fund, created to endow your gift to the Federation Annual Campaign, allows your lifelong investment in your community to continue, providing help when and where it is needed ­ indefinitely.

A PACE fund is not intended to substitute for any part of an annual gift. It is your lasting legacy for the future.


If you make this gift during your lifetime, you receive a charitable income tax deduction. There are a variety of ways to create endowments that do not have to be funded during your lifetime and still provide you with considerable tax benefits.


National PACE Honor Society

In addition to local recognition, the National PACE Honor Society celebrates your endowment of your annual campaign gift with inclusion of your name, by permission, on a national honor roll ­— a public affirmation of your Jewish values and philanthropic commitment and a powerful example to your children, your heirs and your community.

All PACE funds are invested and prudently managed for maximum yield.

 


2) Receive Income

Make a charitable gift while receiving income from the assets you want to donate. It’s a win-win situation for you or your family and The Jewish Federation.


>> Charitable Gift Annuities – Immediate

In exchange for your gift to the Jewish com-munity, you can receive a guaranteed income for life.


Benefits Include:
• Fixed annual income for life, guaranteed by the general resources of The Federation.
•  Federal income tax charitable deduction.
• If you fund the annuity with an appreciated stock, bond or mutual fund, a portion of the income will be considered a capital gain distribution. If you are named an annuitant, this tax will be spread out over your life expectancy.
• Your estate may enjoy reduced probate costs and estate taxes.
• You will provide generous support to The Jewish Federation and the Jewish community.


It works like this: You give cash or securities. The Federation pays you a regular fixed income for life. When the annuity ends, The Federation will apply the balance to support the area of its mission that you’ve designated as most important to you.  Plus, the payout rate for a Charitable Gift Annuity is much higher than the interest rate on CDs. So you can receive more income than you are getting now AND support The Federation!

 


>> Charitable Gift Annuities - Deferred

Your gift creates guaranteed fixed payments for life. Payments are higher than an immediate payment annuity.

Benefits Include:
• Fixed annual income for life beginning at a set time in the future. A portion of your annuity payments will be tax-free.
• Federal income tax charitable deduction.
• If you fund the annuity with an appreciated stock, bond or mutual fund, a portion of the income will be considered a capital gain distribution. If you are named an annuitant, this tax will be spread out over your life expectancy. 


The perfect solution for added retirement income or future plans such as children’s education. 
It works like this: You give cash or securities. The Federation pays you a regular fixed income for life beginning at a set time in the future.  When the annuity ends, The Federation will apply the balance to support the area of its mission that you’ve designated as most important to you. The payout rate for a Deferred Gift Annuity is much higher than immediate CGA. So you can receive more income than you are getting now AND support The Federation!

 

>> Charitable Remainder Trusts

Help ensure the future of the Jewish community and receive income for life or transfer property to your children or grandchildren in a tax-advantaged manner.


Benefits Include:
• Annual income for you, a spouse or someone you designate
• Eliminates initial tax on capital gain for contributed appreciated property
• Provides a current income tax charitable deduction
• Avoids estate taxes on contributed assets
• Enables you to make a significant contribution to the Jewish community


A Charitable Remainder Trust allows you to ensure an income stream for life and also see to it that the community will benefit in perpetuity. The trust re-mainder goes to a fund at The Jewish Federation, and you receive a healthy tax deduction that can be taken immediately and/or carried forward for five subsequent years based on IRS limitations. You receive an annual income for life, as does your surviving spouse or any other person you designate. Estate taxes will be significantly reduced and a permanent fund will be created in your name.

 


3) Guard Your Assets

Guard a lifetime of hard work or the inheritance you received from your parents, from estate, inheritance, and gift taxes.

 

>> Charitable Lead Trusts

A Charitable Lead Trust is established for a specific term by contributing an income-generating asset, often real estate.


Benefits Include:
• Offsets gift and estate taxes on inter-generational transfers of assets
• Eliminates gift or estate tax on future appreciation of the transferred assets 


A Charitable Lead Trust pays an annual amount to The Jewish Federation until the end of the term. Any gift or estate tax that might be due as a result of the transfer of the assets to your heirs is based on the value of the property at the time of contribution to the trust. Discounts the value of the assets today and eliminates tax on any appreciation between now and the time of your death. While these trusts are generally taxable, the taxable income is offset or eliminated by a deduction based on the annual amount distributed to charity. At the end of the trust term, the assets are transferred to your heirs and no taxes are due as a result of any appreciation on the assets while held in the trust.

 


>> Retained Life Estates

Gift your property to The Jewish Federation and still use the property for the rest of your life.


Benefits Include:
• Receiving an immediate income tax deduction
• Maintaining maximum use and enjoyment of your property throughout your lifetime
• Removing a taxable asset from your estate


A Retained Life Estate agreement is one way to contribute real estate to The Jewish Federation. This giving option allows you to remain living in or using your home, vacation home, or farm while establishing a gift of that property to The Federation. You receive an income tax deduction in the year you make the gift, and The Federation receives the property at the end of the retained life estate term, usually your lifetime.

 

>> Restricted Fund

A restricted fund is any fund targeted for a specific purpose or cause. In an ever-changing world, restricted funds provide a stream of permanent income to safeguard the programs and organizations that matter most to you.