cash IRA or pension bequest life insurance cash bequest life insurance lion of udah endowent OJE

Similar documents
Introduction. 1. Bequests Charitable Gift Annuity Charitable Remainder Annuity Trust Charitable Remainder Unitrus 6-7

Why I Give Thoughts of a Nursing Faculty Member

Planned Gifts. Invest in Our Future as a Planned Giving Sterling Circle Donor With a Gift that Will Keep on Giving

A Lasting Legacy. How to make an enduring contribution to an independent school through planned giving. By Helen A. Colson

Specific Gift. This refers to a gift of a specifi c dollar amount or a specifi c asset, such as a coin collection or a vacation home.

Forever BUCKEYES. Securing the Future of Ohio State Athletics Today THE OHIO STATE UNIVERSITY DEPARTMENT OF ATHLETICS

Leave a Lasting Legacy. Provide for Future Generations Through Planned Giving

Walsh University Guide to Giving 3

Endowment funds at the Catholic Foundation can support things like:

MAKING A DIFFERENCE THROUGH PLANNED GIFTS. Heart of the Catskills Humane Society. Planned Giving

Endowment Program ensuring the future

Legacy Society. A Lasting Commitment to Excellence

COMMUNITY FOUNDATION. for Palm Beach and Martin Counties. Your Philanthropy Our Community Better Together. a guide for you

TERN SOCIETY. Planned Legacy Gifts

SUGGESTED ARTICLES FOR CONGREGATIONAL NEWSLETTERS OR WEBSITES. June. July

Smart Personal Planning Strategies

St. Joseph School Endowment & Charitable Trust Giving Guide

Your Guide to Gifts & Giving GIVE NOW. GIVE LATER. GIVE & RECEIVE.

Smart Personal Planning Strategies

Generosity makes all the difference.

Creative Philanthropy: Noncash Assets

GLOSSARY OF PLANNED GIVING & ENDOWMENT TERMS

Supporting Asbury. Asbury. Transforming Lives... Retreat Center

Creating Philanthropy using Noncash Assets: Community Foundation Case Studies

Making a Bequest. Professor Jayanti Bandyopadhyay

Making Your Charitable Gifts Last Turn year-end giving into a longer-term strategy

LEAVE A LEGACY FOR NEW YORK S NEEDIEST

WAyS ToGive Reedsdale Street, Suite 3002 Pittsburgh, PA (412)

Ways to Give. Building the Foundation for Tomorrow s Healthcare

Planned Giving Made Simple

An LCFS Planned Giving Resource Guide

Giving is a part of life. Charitable Giving With Life Insurance

Build a Legacy, Transform the Future. A Guide to Planned Giving

A Guide to Planned Giving

Methods of Giving to the University of Florida

Testamentary charitable trusts

Philanthropy has many faces

UNIVERSITY OF WISCONSIN FOUNDATION FALL 2018

Frequently Asked Questions ENDOWMENT FUNDS

A COMMUNITY ASSET FOR YEARS TO COME WITH YOUR HELP. A LEGACY APPROACH

Charitable Conversations...

Making a difference for generations. A GUIDE TO PLANNED GIVING

Future Fund? What. is the. More than 45 years of public service

PREPARING FOR PHILANTHROPY

PLANNING YOUR GIFTS FOR INVESTING IN INVESTING IN INVESTING IN FUTURES

Estate Planning and Charitable Giving Under Current Law. Stacey Prince-Troutman

Testamentary charitable trusts

University Fund. Why I Give

YOUR LEGACY THEIR LIVES

What is Planned Giving?

Smart Charitable Planning

PLANNED GIVING GUIDE

BROOKINGS PARTNERS TOGETHER, WE HONOR THOSE WHO ENRICHED OUR LIVES RECOGNIZING THE IMPORTANCE OF PLANNED GIFTS

Gift Planning 101. ALADN Conference June 6, 2016 Mike Mattson

Making a bequest in your Will. Your legacy: Our future

Charitable Gift Annuities

Giving Today to Guarantee Tomorrow: A Lesson in Charitable Giving

Charitable Planning Guide

How to Talk to Clients About Philanthropy: What They Need and Expect. Kathryn W. Miree & Associates, Inc.

A Legacy for the Betterment of the World. How Planned Giving Can Make a Lasting Difference

Your Guide to EFFECTIVE GIVING After Tax Reform

Wealth Advisors and JCF: An Opportunity in Common

Issues AND. Tax-Powered Philanthropy: Doing well by doing good

Planned Giving at the Old Presbyterian Meeting House

Letter on Charitable Trusts Funded with Cash or Stock

Blended Gift Strategies:

The Catholic Foundation is a unique charitable endowment developed to

Donor-Advised Fund Agreement

Helping You Avoid IRA Distribution Mistakes

Hospital for Special Surgery. GIFT ACCEPTANCE POLICY March 2018

Fontbonne Academy. Planned Giving Guide

Southern Institute Conference

Daniel Wang, who will graduate from Baylor College of Medicine in 2019, with scholarship donor, Virginia Clark

Director of Donor Partnerships

Private ancillary funds

Known for his kindness,

Donor Advised Funds: The Swiss Army Knife of Charitable Planning. Bryan Clontz, Ph.D., CFP Charitable Solutions, LLC

National Influence. ...Local Connection. By Tanya Howe Johnson, CAE

Part Two: The Details

A Gift in Your Will How to Meet Your Charitable Goals

What is Planned Giving?

Tax Incentives for Charitable Giving. Jamie Golombek Managing Director, Tax and Estate Planning CIBC Wealth Strategies Group

California Institute of Technology Office of Gift Planning. Guide to Gift Planning

The evolution of giving: From charity to philanthropy

Planned Giving. A Philanthropist s Guide to Federal Taxes The Most Flexible Tax-Saving Tool: The Charitable Deduction

The Endowment FIRST PRESBYTERIAN CHURCH OF EDMOND. Opening Doors

Jay M. Cross. Financial Advisor Vice President Financial guidance for when you are divorced or widowed

Limited Lifespan vs. Perpetuity

Estate Planning Through Charitable Gifting

PNC CENTER FOR FINANCIAL INSIGHT

Gift Planning to Help Provide for the Poorest of the Poor

Planned Giving CHARITABLE WILL BEQUESTS. The Benefits to You

Kingdom Advisors Charitable Giving Tool Kit

Why Donor Advised Funds and Supporting Organizations are a Gift Planner s Friend WENDY CHOU & BRIGIT KAVANAGH

Global Impact Funding Trust

Some donations are better than others for philanthropic clients

Women & Investing: Take Control of Your Wealth

ESTATE PLANNING GUIDEBOOK. An Introduction to Ensuring Your Intentions

BROOKINGS PARTNERS YEAR-END GIFT PLANNING GUIDE. Dr. Ann Johanson Going the Distance for Students RECOGNIZING THE IMPORTANCE OF PLANNED GIFTS

Giving Today to Guarantee Tomorrow: Charitable Gifts of Life Insurance

Transcription:

cash cash lion of udah endowent OJE

A Lion of Judah is an extraordinary woman. You re an activist and philanthropist. Your passion drives your work and your giving. And you are valued by your community because you make a powerful contribution to the vitality of Jewish. Your work lights up the world. A Lion of Judah Endowment (LOJE) enables you to help secure a strong and vibrant Jewish community for future generations. Endow your gift at your current giving level and ensure that the work you support continues even after you are gone. Find out how easy it can be. Turn the page to learn how Lions just like you made the commitment.

cash My daughter inspired me to endow my gift when she became a Lion. I guess iinspiredher. She told me, I have big shoes to fill. I created a LOJE by amending my will, and a year ago I increased my endowment with a policy. At my age, I thought that would be very difficult, but it wasn t. And I get a tax deduction at the end of the year. EILEEN SCHWARTZ, Raleigh-Cary, NC

cash I created my LOJE with a policy. It was a surprisingly good value, and I can t pass up a bargain. On missions around the world, and in agencies in my own community, I have seen how vital the services are. And I want to make sure they continue to exist in the future. JUDY BAUM (WITH SON BRYAN), Long Island, NY

I wanted a way to teach my children what s really important to me something that would answer the question, Who is my mother? This is a great conversation for mothers to have with their daughters. cash I am using to set up my LOJE at age 36, it s the smartest and most inexpensive way to accomplish a long goal and leave a lasting legacy. DEBBIE STILLMAN, Minneapolis, MN

cash I created my LOJE with cash. I had awindfall, and I couldn t think of a better way to use it. I ve become emotionally attached to helping young girls at risk in Israel, where there are over 5,000 girls on the street. And I realize that supporting the Jewish causes I care about remains my responsibility. WENDY BLOCK, Wilmington, NC

Achieve your philanthropic goals THROUGH LOJE The most common way to create a LOJE is with a in your will. A charitable allows you to retain use and control over your assets during your time. An outright charitable is deductible and reduces the amount of your estate subject to federal death taxes. Here s a sample of language you can use: I bequeath the sum of [ ] to [the federation (federation address)] to establish the [Donor s name] Lion of Judah Endowment Fund. Five percent of the value of the fund is to be used on an annual basis to make a gift to the Women s Division of [the federation]. funds If you have accumulated substantial amounts in your retirement account and you are in the highest brackets for paying income and estate taxes, those taxes can exceed 70% of the amount in the plan. These are not ideal assets to bequeath to your heirs. Naming your federation as the afterdeath beneficiary of your IRA fund can save these taxes while perpetuating your Lion of Judah gift. New for 2006 and 2007 only: If you are 70 1 /2 or older, you can establish or increase a LOJE by making a gift to your federation of up to $100,000 per year directly from your IRA, with no tax consequences. Ask your financial advisor about the Pension Protection Act of 2006. cash or appreciated securities This is the easiest way to create your LOJE. When you create a LOJE with a current gift of cash or other property, your fund may be used to pay your annual gift to the Women s Campaign. If you donate appreciated securities held for more than one year, you can avoid capital gains taxes and receive a tax receipt for the full value of your gift in the current year. Life is an advantageous and inexpensive way to fund a Lion of Judah Endowment, especially for younger women. When you purchase a new policy naming your federation as owner and beneficiary, you will receive a tax receipt for the full value of the annual premium payments. You could also transfer an existing policy and name the federation as owner. At the time of transfer you are entitled to a current deduction equal to the net cash or replacement value of the policy. All future premium payments, when paid, would be a current tax deduction. other funding vehicles Other options for creating your LOJE include charitable income plans and gifts of property, art, or jewelry. Your financial professional or estate planner can help you select the one best suited for your individual needs and philanthropic desires. For further information contact your federation or our resources at ujcdirect: 212.284.6944 or ujcdirect@ujc.org.

AS A LOJE, you have a special status. You are a model in your community lighting the way along the path of philanthropy. And your name will be remembered as a blessing. The Lion of Judah Endowment Program of United Jewish Communities and the Federations of North America is a Major Gifts component of National Women s Philanthropy. LOJE is a permanent restricted fund dedicated to endowing your community s Annual Campaign. LOJE funds are invested and prudently managed for maximum yield at your Jewish federation. All contributions to establish a LOJE are tax deductible.

ujc.org/lions