Consider Creating a TOP Jewish Foundation Fund:

Take advantage of the tax benefits of giving cash and non-cash gifts such as appreciated public securities, private stock, business interests, real estate and insurance policies. Planned giving methods available include:

  • Donor Advised Funds: A philanthropic fund can be established with $10,000. Opening a fund is easy and requires no legal paperwork.  Donors can start making grant recommendations beginning the day assets are received.  TOP does all the work to ensure the grantees are eligible 501(c)(3) charities and that grant checks are mailed timely. For donors under the age of 40, philanthropic funds can be started with $5,000.
  • Endowment Funds: An endowment can be opened with $5,000 and can be funded with current assets or an after-lifetime gift. A specific portion of the fund is distributed to the beneficiaries annually, while the balance grows, helping ensure that the endowment will last indefinitely.

 

  • Designated Funds: This type of endowment fund is often used with IRA rollover gifts, enabling the donor to predetermine how the fund will be distributed to the beneficiaries over any defined time period.
  • CGAs/CRTs: These fund vehicles provide an annual income, tax deductions and leave a gift to charity.

Certain provisions in the Internal Revenue Code often present some very creative ways to facilitate potentially larger charitable gifts than what you could give without those tax advantages.  Common examples are Charitable Gift Annuities and Charitable Remainder Trusts.  Both are special contracts that permit the donor to enjoy an income stream while living, and then, from the remaining assets, to create a lasting Endowment for the charity of his or her choice after he or she has passed on.

Another option is to donate an existing or new life insurance policy to TOP Jewish Foundation, enjoy immediate and/or continuing tax benefits, and direct TOP to create an Endowment for your selected charity from the insurance proceeds after your death.

Some of the most interesting and tax-efficient options can be a bit complex.  That's why TOP Foundation staff works with your attorney, accountant, and other advisors in helping you to take advantage of these programs.

 

Get Started Today!