Go forth and be a blessing. -Exodus

Go forth and be Go forth and be a blessing.a blessing.

-Exodus-Exodus

Brit KodeshBrit KodeshAnd now come, let us make a covenant together;And now come, let us make a covenant together;

and let it be for a witness between us. and let it be for a witness between us.

Treat each other and donors with the Treat each other and donors with the utmost respectutmost respect

Consider the well-being and interests of Consider the well-being and interests of the donors firstthe donors first

Be confidential and not participate in Be confidential and not participate in Lashon Hara Lashon Hara (the tongue of evil)(the tongue of evil)

Be good listeners, responsive and inclusiveBe good listeners, responsive and inclusive Recognize the importance of Recognize the importance of Ahavat IsraelAhavat Israel

(the love of the Jewish community) and (the love of the Jewish community) and strive for the betterment of the entire strive for the betterment of the entire communitycommunity

Legacy StoriesLegacy Stories BequestBequest

Charitable Gift AnnuityCharitable Gift Annuity

Charitable Lead TrustCharitable Lead Trust

Charitable Remainder TrustCharitable Remainder Trust

Current Endowment/Appreciated Stock and Real EstateCurrent Endowment/Appreciated Stock and Real Estate

Life InsuranceLife Insurance

Retirement PlansRetirement Plans

Seth’s StorySeth’s Story

Seth–created Seth–created bequestsbequests in his will in his will

BequestBequestA bequest is the simplest form of legacy gift. It A bequest is the simplest form of legacy gift. It is a gift of personal property by will or trust. A is a gift of personal property by will or trust. A bequest can be for a specific amount or a bequest can be for a specific amount or a percentage of an estate.percentage of an estate.

Sample Bequest LanguageSample Bequest LanguageI give (cash of $_____ or (specified property) or (___% ofI give (cash of $_____ or (specified property) or (___% ofestate) to (legal name of organization). Such funds shouldestate) to (legal name of organization). Such funds shouldbe designated for the following charitable purposesbe designated for the following charitable purposes___________________________________________.___________________________________________.

Sydney & Cynthia’s StorySydney & Cynthia’s Story

Sydney & Cynthia-set up a Sydney & Cynthia-set up a charitablecharitablegift annuity gift annuity to provide income now andto provide income now andlegacy in the future legacy in the future

Charitable Gift AnnuityCharitable Gift AnnuityA charitable gift annuity is an agreement A charitable gift annuity is an agreement between you and the Jewish Community Foundation. between you and the Jewish Community Foundation. In exchange for assets irrevocably transferred to the In exchange for assets irrevocably transferred to the Foundation and designated to the charities of your Foundation and designated to the charities of your choice, you receive regular fixed payments for lifechoice, you receive regular fixed payments for lifebacked by the resources of the Foundation.backed by the resources of the Foundation.

Bill & Bernice’s StoryBill & Bernice’s Story

Bill and Bernice-income for charityBill and Bernice-income for charitynow and college tuition for grandsonnow and college tuition for grandsonlater throughlater through charitable lead trust charitable lead trust

Charitable Lead TrustCharitable Lead TrustA charitable lead trust is the inverse of a life A charitable lead trust is the inverse of a life income gift. The trust provides income to theincome gift. The trust provides income to thecharity of your choice immediately and for acharity of your choice immediately and for aperiod of years, after which the property eitherperiod of years, after which the property eitherreverts to you or passes to a child or grandchild.reverts to you or passes to a child or grandchild.

ANNUITY LEAD TRUSTANNUITY LEAD TRUSTPrepared for Bill & Bernice

5.00% Lead TrustOriginal Property

$500,000

Trust Principal

$500,000

$784,657

Trust To FamilyGSTT $0

Term of 12.000 Years

Transfer property.Gift tax deductionof $226,665.

Income $25,000paid to charity forterm of years.

No added giftor estate tax.

Sam’s StorySam’s StorySam-transferred stock to Sam-transferred stock to CharitableCharitableremainder trustremainder trust providing income and a providing income and asignificant legacy significant legacy

Charitable Remainder TrustCharitable Remainder Trust

Under a charitable remainder trust agreement,Under a charitable remainder trust agreement,assets irrevocably transferred to a trustee areassets irrevocably transferred to a trustee aremanaged as an individual fund. Income is paid managed as an individual fund. Income is paid to you and/or someone you designate. At theto you and/or someone you designate. At theend of the trust term, the remaining assets passend of the trust term, the remaining assets passto the Jewish community organization(s) of yourto the Jewish community organization(s) of yourchoice.choice.

Charitable UnitrustCharitable UnitrustSam - Age 72

5% UnitrustProperty

$250,000

Principal

$250,000

Charity

$286,697One Life

Bypass of gainsaves $22,500.Deduct $141,498.

Increased incomefrom trust $12,500.Effective rate 5.9%.

0.89% growthfor one life.Trust to charity.

Elsa’s StoryElsa’s Story

Elsa-transferred Elsa-transferred appreciated stockappreciated stock to toavoid capital gains tax and createavoid capital gains tax and createendowment fund endowment fund

Current Endowment/AppreciatedCurrent Endowment/Appreciated

Stock and Real EstateStock and Real Estate

Appreciated stock and real estate are excellentAppreciated stock and real estate are excellent

vehicles for current giving. Depending on yourvehicles for current giving. Depending on your

personal financial situation, you may be able topersonal financial situation, you may be able to

deduct the full fair market value of the propertydeduct the full fair market value of the property

and avoid capital gains taxes.and avoid capital gains taxes.

Harry & Betty’s StoryHarry & Betty’s Story

Harry and Betty-transferred Harry and Betty-transferred realrealestateestate to avoid capital gains tax and to avoid capital gains tax andcreate endowment fundcreate endowment fund

Current Endowment/Appreciated Stock andCurrent Endowment/Appreciated Stock andReal EstateReal EstateAppreciated stock and real estate are excellentAppreciated stock and real estate are excellentvehicles for current giving. Depending on yourvehicles for current giving. Depending on yourpersonal financial situation, you may be able topersonal financial situation, you may be able todeduct the full fair market value of the propertydeduct the full fair market value of the propertyand avoid capital gains taxes.and avoid capital gains taxes.

Sarah’s StorySarah’s Story

Sarah-Sarah-life insurance policy life insurance policy enablesenablessmaller outlay now, large gift in futuresmaller outlay now, large gift in future

Life InsuranceLife InsuranceGifting life insurance can be a creative option.Gifting life insurance can be a creative option.Premium payments are deductible if the charityPremium payments are deductible if the charityowns the policy.owns the policy. If properly structured, life If properly structured, life insurance proceeds are not subject to taxes or insurance proceeds are not subject to taxes or included in probate.included in probate.

John & Cathy’s StoryJohn & Cathy’s StoryJohn & Cathy-avoided estate taxes while John & Cathy-avoided estate taxes while providing for Jewish community, providing for Jewish community, designated part of designated part of IRAIRA

Retirement PlansRetirement PlansRetirement account assets, if left to anyone Retirement account assets, if left to anyone other than a spouse, may be subject to very other than a spouse, may be subject to very high taxation. By designating the Jewish high taxation. By designating the Jewish community as recipient of any benefitscommunity as recipient of any benefitsremaining in your retirement plan, or by usingremaining in your retirement plan, or by usingthem during your lifetime to fund a charitablethem during your lifetime to fund a charitablegift, you may effectively reduce the taxes for gift, you may effectively reduce the taxes for these assets which have grown tax-free. these assets which have grown tax-free.

Jill’s StoryJill’s Story

Jill-assigned Jill-assigned 403 (b) retirement plan403 (b) retirement planfrom prior job to Jewish communityfrom prior job to Jewish community

Retirement PlansRetirement PlansRetirement account assets, if left to anyone Retirement account assets, if left to anyone other than a spouse, may be subject to very other than a spouse, may be subject to very high taxation. By designating the Jewish high taxation. By designating the Jewish community as recipient of any benefitscommunity as recipient of any benefitsremaining in your retirement plan, or by usingremaining in your retirement plan, or by usingthem during your lifetime to fund a charitablethem during your lifetime to fund a charitablegift, you may effectively reduce the taxes for gift, you may effectively reduce the taxes for these assets which have grown tax-free. these assets which have grown tax-free.

““As our parents planted As our parents planted for us before we were for us before we were born, so do we plant for born, so do we plant for those who will come those who will come after us.”after us.”

--Talmud--Talmud