A life income plan is a desirable way to benefit from a charitable tax saving, increase your income, and support the Jewish community all at the same time.
Donor assets are pooled with other gifts similar to a mutual fund. In exchange for a charitable gift, and donor or designee receives income payments based on the rate of return for a common fund. A pooled income fund allows you to make a gift now and gain savings while retaining income for life through a transfer of cash or securities to the JCEF.
Advantages:
Established with a minimum of $5,000 in assets.
May continue to fund on a regular basis with income tax deductions at the time each gift is made to the fund.
Allows income to be paid now to person specified by donor during the beneficiary's lifetime.
Can avoid capital gains tax on appreciated assets.
Eliminates estate and gift taxes on the assets.
Qualifies donor for membership in the Living Legacy Society and to inscribe a personal message in the Book of Life.
After the donor or donor designee’s lifetime, the remainder is a legacy to ensure the continuity of generations to come by providing for the unrestricted Endowment or by, in part, providing for an agency endowment fund at the JCF.
Limitations:
Donor does not participate in investment of funds
Best Assets:
Cash
Stocks and other securities
For more information please contact us at Jcef@Sfjcf.org or 415.512.6211
Charitable Remainder Trust
A charitable remainder trust is a creative tool that establishes a JCEF gift that gives you income for life or a term of years, with the remainder transferred to JCEF upon termination of trust. Assets that have substantially appreciated in value but are providing a low return are well suited as gifts. You may avoid capital gains taxes, lower your income taxes and earn higher returns with a charitable remainder trust.
Advantages:
Annual income, often for donor and spouse.
Income tax deduction at the time the trust is created.
Estate and gift tax savings
May establish with cash, appreciated or low-yielding securities, and certain real estate.
Favorable treatment of capital gains assets.
An IRA or other retirement plan assets may be used to fund a testamentary charitable remainder after the donor’s lifetime for the benefit of family members.
Qualifies donor for membership in the Living Legacy Society and to inscribe a personal message in the Book of Life.
After the donor or donor designee’s lifetime, the remainder is a legacy to ensure the continuity of generations to come by providing for the unrestricted Endowment or by, in part, providing for an agency endowment fund at the JCF.
Limitations:
Legal counsel must prepare trust documents
Annual trust accounting required
Best assets:
Appreciated or low-yielding securities
Real estate
Cash
IRA and other retirement plan assets may be used to fund charitable remainder trusts after one’s lifetime for the benefit of family members.
For more information please contact us at Jcef@Sfjcf.org or 415.512.6211
Charitable Lead Trust
A trust that makes charitable gifts to JCEF for a period of time followed by return of assets to donor or designee. If you want to minimize estate and gift taxes on assets you intend to leave to your children or grandchildren, particularly when significant assets are expected to appreciate, you may want to consider a charitable lead trust.
Advantages:
May reduce taxes that would otherwise be due on assets left to children and grandchildren
Allows donor to make a substantial charitable gift over a period of years until assets are passed on to family
Limitations:
Although part of a long-term gift to one's family, it is considered a temporary gift in terms of philanthropy
Best assets:
Rapidly appreciating assets that one intends to pass on to
heirs
For more information please contact us at Jcef@Sfjcf.org or 415.512.6211
Charitable Gift Annuity
By establishing a CGA with the Jewish Community Endowment Fund of the Jewish Community Federation, you can provide guaranteed fixed payments for one or two lives, including for yourself or your spouse, partner, parent or other loved one.
Other benefits to you may include:
An income tax deduction at the time the gift is made
Partially tax-free payments
Favorable treatment of capital gains for gifts of appreciated assets (such as marketable securities and certain real estate)
Estate tax savings
Sample Charitable Gift Annuity Rates for a Single Life Immediate Annuity
Age Current Annuity Rates
90+ 9.5%
85 8.1%
75 6.4%
65 5.5%
Permanent Legacy
After payments are made for one or two lives, the remainder of your gift serves as your permanent legacy which will help ensure the continuity of Jewish life for generations to come through the Endowment Fund’s innovative grantmaking.
Prospective donors are encouraged to seek the advice of their professional advisors. The California Insurance Guaranty Association does not guarantee payments of annuities; however, payments are backed by the assets of the Federation.
To learn how you can establish a Charitable Gift Annuity and create a legacy for the Jewish community, please contact us at Jcef@Sfjcf.org or 415.512.6211
Jewish Community Federation of San Francisco, the Peninsula, Marin and Sonoma Counties
