Carefully planned charitable gifts can make a difference while providing savings in income, gift, estate and capital gains taxes. Some gifts can even supplement income and preserve assets for heirs.
Gifts of appreciated stock or real estate By giving appreciated stocks or real estate, donors can benefit from tax deductions on the current market value of appreciated stocks or assets, avoid capital gains tax and reduce future estate taxes.
Donors can reduce estate taxes and leave a permanent legacy by specifying a gift in his or her will or trust to one or more charities.
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Charitable Gift Annuities
By establishing a charitable gift annuity, donors can receive an income for life while making a lasting contribution.
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Donors can fund a large gift at modest current costs by purchasing a life insurance policy and specifying the Foundation or other organizations as the beneficiary. Insurance premiums and cash surrender values can be made tax-deductible, and the resulting gift can offset future estate tax obligations.
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Charitable remainder trusts
Charitable remainder trusts enable a gift that produces income for donors and their loved ones. A donor can take a pro-rated tax deduction now, leave the remainder to charity, and reduce estate taxes accordingly.
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Charitable lead trusts
If your client has an income-producing asset such as real estate, a charitable lead trust can allow him or her to contribute the income to charity and then pass the property onto his or her heirs, gift and estate tax-free.
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By establishing a charitable fund with the Foundation, donors can enjoy the tax savings that come with making a charitable gift while making a lifetime of difference. We act as a “philanthropic bank,” investing and growing the funds — and giving donors the opportunity to maximize charitable impact. Donors can make a difference every year, in their own way, and in the areas that mean the most to them.
Donor Advised Funds
Donors can make a gift now, take a tax deduction immediately, and exercise power as a philanthropist over time. Donors can recommend grants to qualified charitable organizations on their timetable, and make additional tax-deductible gifts to their funds at any time.
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Supporting family foundations
Supporting foundations are a significantly tax-advantaged and cost-effective alternative to private foundations. We provide administrative support, strategic philanthropy expertise, board meeting planning and facilitation so donors and their families can dedicate their focus and resources toward perpetuating their values, impact and legacy in the community.
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Supporting family foundations and donor advised funds can do even more than provide the chance to engage in smart charitable giving — they present an opportunity to engage families in a continued philanthropic legacy. Involving family members in the grantmaking process can help families define shared values, act upon them, make a difference, and build relationships. The Foundation can be a resource in this manner as donors and their families forward their visions of the future.
Named endowment funds
Donors can set up a restricted, or special-purpose, endowment fund to provide a permanent stream of funding to the programs and organizations that matter most to them and their families. They can create an unrestricted named endowment to support the community as a whole. Or they can establish named designated funds for, among many options, synagogue or schools, a college internship program, Alzheimer’s care or summer camp scholarships.
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